California Company v. State

This case involves the constitutional validity of Chapter 131, Colo. Sess. Laws 1953 (C.R.S. ’53, 138-1-7), popularly called the “severance tax,” imposing a graduated tax on gross income “derived from the production or extraction of crude oil, natural gas, or both crude oil *291and natural gas from petroleum deposits located within this state * * * ” Adjudicated invalidation was sought in the trial court without success. There, as here, the Act was challenged on the ground that it contravened by word, and by deed performed pursuant to the word, certain provisions of both the federal and state…