Enron Corp., Enron Gas Marketing, Inc., Panhandle Gas Company and Houston Pipe Line Company, Petitioners v. Spring…

Summary

The Texas Supreme Court held that the Texas Tax Code provision allowing inventory owners to elect a September 1 valuation date is constitutional and does not violate the equal and uniform requirements of Article VIII, Sections 1 and 2 of the Texas Constitution. The Court reversed the Court of Appeals and affirmed the trial court’s judgment upholding the statute.