Tinsley v. State Tax Commission

ETHRIDGE, Chief Justice.

This case involves interpretation of the Mississippi reciprocal estate tax exemption of intangible property owned by nonresidents, and a determination of whether in this jurisdiction a nonresident’s real and personal partnership property situated in Mississippi is converted into intangible property for all purposes, including estate taxation. We hold that it is not, and thus affirm the decree of the Chancery Court for the First Judicial District of Hinds County.

The pertinent statutes in Mississippi Code 1942 Annotated (Supp.1968) are as follows:

§ 9262-06.5. When…