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GENCORP, INC. v. STATE TAX COM'N

No. 58285.

543 So.2d 657 (1989)

GENCORP, INC. (Formerly General Tire & Rubber Company, Inc.) v. STATE TAX COMMISSION OF the STATE OF MISSISSIPPI.

Supreme Court of Mississippi.

April 26, 1989.

Attorney(s) appearing for the Case

Charles L. Brocato, Butler, Snow, O'Mara, Stevens & Cannada, Jackson, for appellant.

Bobby R. Long, Gary W. Stringer, Jackson, for appellee.

Before ROY NOBLE LEE, C.J., and PITTMAN and BLASS, JJ.

ROY NOBLE LEE, Chief Justice, for the Court:

The State Tax Commission assessed additional franchise taxes against Gencorp, Inc. for the fiscal years ending in November, 1979, 1980, 1981, and 1982. The assessment was appealed to the Board of Review and to the full Commission, where it was upheld. Gencorp appealed to the Chancery Court of Lowndes County, and the chancellor affirmed the Commission's assessment and entered judgment against Gencorp for seventy-four thousand...

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