Snake River Mutual Fire Insurance Co. v. Neill

TAYLOR, Justice.

Plaintiff (appellant) paid franchise taxes based upon its net income, under the provisions of the Property Relief Act of 1931, I.C., Title 63, Chapter 30, as amended, for the years of 1951, 1952, 1953 and 1954. November 22, 1955, plaintiff made demand for refund of the taxes paid for those years on the ground that plaintiff was a mutual fire insurance company and as such exempt from the tax under I.C. § 63-3029, subd. 9, which provides:

“The following organizations shall be exempt from taxation under this chapter:

* iji * * * *

“9. Farmer’s or other mutual hail, cyclone,…