NORTHCUTT v. CLAYTON

No. 529.

152 S.E.2d 471 (1967)

269 N.C. 428

R. H. NORTHCUTT, Trading as Premium Credit Company v. I. L. CLAYTON, Commissioner of Revenue for the State of North Carolina.

Supreme Court of North Carolina.

February 3, 1967.


Attorney(s) appearing for the Case

Taylor, McLendon & Jones, Wadesboro, for plaintiff.

Thomas Wade Bruton, Atty. Gen., and Peyton B. Abbott, Deputy Atty. Gen., for defendant.


SHARP, Justice.

This appeal presents one question: Must the operator of an insurance premium financing business pay to the Commissioner of Revenue a privilege license tax under G.S. § 105-88 in addition to the license fee which G.S. § 58-56 requires him to pay to the Commissioner of Insurance? In pertinent part, G.S. § 105-88 provides:

"Loan agencies or brokers.—(a) Every person, firm, or corporation engaged in the regular business of...

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