Thomas Auto Co. v. Wiseman, Comm. of Revenues

The appellants in this case are corporations engaged in the retail automobile business in the city of Little Rock. Each of them had been in business for some time prior to July 1, 1935, the date on -which act 233 of the Acts of 1935 (Acts of 1935’, page 951), commonly referred to as Sales Tax Act, became effective. They had each acquired a number of second-hand automobiles received in part payment for new ones before that date. The only question presented on this appeal is whether used cars so acquired by appellants before July 1,1935, and sold by them after that date, are subject to the…