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U0895 <br /> (..) <br /> R.W.JEST FOR TAX 1IEFM1D <br /> licBri, Inc. <br /> H. H. McGlirc, Treasurer <br /> 153 U. King Street <br /> Hillsborough, N. C. 27274 <br /> Hillsborough Township <br /> Account #57942, Bill #811817 <br /> This Corporation listed depreciable business personalty for 1961 at an <br /> acquisition cost of $75,000 and inventory at $4,000 and has paid its 1981 <br /> tax bill based upon these figures. Now the Corporation maintains that the <br /> $75,000 cost figure was erroneous as it represented the entire purchase price <br /> paid in 1980 for this hotel and restaurant business and included an amount <br /> (at least $25,000) attributable to good will and a premium for control. <br /> The Corporation requests that its $75,000 cost figure for depreciable <br /> personalty be revised to $50,000 for 1981, resulting in a reduction in tax <br /> valuation (depreciated cost) of $22,500. <br /> Refund requested (1981 tax): <br /> County tax $122.40 <br /> Interest paid for late payment 3.37 <br /> Hillsborough City tax 90.00 <br /> Interest for late payment 2.48 <br /> Total refund $218.25 <br />