City & County of Denver v. Hover Motors, Inc.

Defendant in error, a licensed automobile dealer, is engaged principally in the business of buying, exchanging, selling, and trading in motor vehicles, trailers and semitrailers. Its stock of merchandise was assessed for the year 1948 upon the average amount of money invested in merchandise during each calendar month of the taxable year in accordance with the following statute:

Sections 6 and 7, chapter 158, S.L. ’43, under which the above assessment was made, provide:

“Section 6. Section 54, of Chapter 142, 1935 Colorado Statutes Annotated, is hereby amended to read as follows:

“Section 54.…