State ex rel. Attorney General v. Fort Smith Lumber Co.
Supreme Court of Arkansas
Appeal from Sebastian Chancery Court, Fort Smith District; W. A. Falconer, Chancellor; 1. The case in 97 Ark. 254 is conclusive of this case. lb., 259, 260. The rule laid down there harmonizes with the case. 87 Ark. 484. See also 41 Ark. 509; 11 Peters, 543. All property is subject to taxation, and no exemptions are permitted by law.
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Appeal from Sebastian Chancery Court, Fort Smith District; W. A. Falconer, Chancellor; 1. The case in 97 Ark. 254 is conclusive of this case. lb., 259, 260. The rule laid down there harmonizes with the case. 87 Ark. 484. See also 41 Ark. 509; 11 Peters, 543. All property is subject to taxation, and no exemptions are permitted by law. See also 92 Ark. 335; 73 Id. 515; State v. Bodcaw Lumber Co. Analogous cases, see 204 Pa. 36; 53 Atl. 517; 60 W. Va. 357; 55 S. E. 398; 155 N. C. 53; 70 S. E. 1079; L. R. A. 1915 C, 380-5; 99 Ala. 1; 42 Am. St. 17. 1. The company made true and proper returns of…
1Opinion of the CourtMcCULLOCH, C. J.
This suit was instituted in the name of the State, ex rel. the Attorney General, against the Ft. Smith Lumber Company, a domestic corporation, to recover taxes which escaped adequate assessment for former years. It is alleged in the complaint that the said corporation failed to assess the whole of its capital stock for taxation, as required by statute, and deducted from the value of the capital stock, as assessed, amounts invested in shares of stock in certain other domestic corporations.
The allegations are that the defendant owned shares of stock in the Central Railway Company, an Arkansas…
2Cases cited3 opinions
- State ex rel. Attorney General v. Bodcaw Lumber Co.Supreme Court of Arkansas · 1917
- Dallas County v. Home Fire InsuranceSupreme Court of Arkansas · 1911
- First National Bank v. Board of EqualizationSupreme Court of Arkansas · 1909
3Cited by7 opinions
- White River Lumber Co. v. StateSupreme Court of Arkansas · 1928
- State Ex Rel. Attorney General v. Chicago Mill & Lumber Corp.Supreme Court of Arkansas · 1931
- State Ex Rel. Attorney General v. Lion Oil Refining Co.Supreme Court of Arkansas · 1926
- Fort Smith Lumber Co. v. State ex rel. Attorney GeneralSupreme Court of Arkansas · 1919
- State Ex Rel. Attorney General v. Arkansas Fuel Oil Co.Supreme Court of Arkansas · 1929
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