American College Testing Program, Inc. v. Forst

STUART, Justice.

This is an action for a declaratory judgment. The only issue presented on this appeal is whether plaintiff is exempt from the payment of sales and use tax as a “private nonprofit educational institution” under the provisions of section 422.45 subsection 8, 1966 Code as amended by chapter 349, Acts of the 62nd General Assembly. The trial court denied the exemption. We affirm.

American College Testing Program, Inc. (ACT) is a corporation not for pecuniary profit organized under chapter 504, 1966 Code. Since May 1965 it has held an exemption from federal income tax under section…