Commonwealth v. Louisville Transfer Co.

Opinion of the Court by

Chief Justice Settle

Affirming.

The material question for decision m this case is whether the appellee corporation, the Louisville Transfer Company, is liable for a franchise tax under Kentucky Statutes, section 4077. The judgment of the circuit court declared it exempt from such tax. From that judgment this appeal is prosecuted.

The proceeding was instituted by a revenue agent of the Commonwealth seeking to have an assessment made against appellee for alleged omitted property claimed to have been unassessed for the years 1909 to 1913, both inclusive. The statement filed…