MISS. TAX COMM. v. TENN. GAS TRANS. CO.

No. 41264.

239 Miss. 191 (1959)

116 So.2d 550

MISSISSIPPI STATE TAX COMMISSION v. TENNESSEE GAS TRANSMISSION CO.

Supreme Court of Mississippi.

December 14, 1959.


Attorney(s) appearing for the Case

John E. Stone, Jackson, for appellant.

Wynn, Hafter, Lake & Tindall, Greenville; John Brendel, Houston, Texas, for appellee.


ETHRIDGE, J.

The case involves the validity of an apportionment formula of a state franchise tax upon a multistate corporation, measured by an allocation to Mississippi of capital used, invested or employed within the state. The chancery court held the statutory formula was void because in violation of the interstate commerce and due process clauses of the United States Constitution. (Hn 1) However, we conclude...

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