Home Bldg. & Loan Ass'n v. Graham

Complainant paid the Excise Tax, as provided by Chap-' ter 21 of the Acts of 1923, nnder protest, and instituted this snit to recover same apon the theory that the Excise Tax Statute was repealed, by implication, by Section 8 of chapter 134 of the Acts of 1925, the portion of the section involved reading as follows:

“That every Building and Loan Association incorporated, organized or doing business under the laws of this State shall pay to the Commissioner of Insurance and Banking, direct, a specified privilege license tax, in lieu of both privilege and ad valorem taxes, upon its capital…