Gully v. Gulfport Loan & Brokerage Co.

The state tax collector filed suit against the Gulfport Loan & Brokerage Company t-o collect a certain privilege tax and the penalty for failure to pay same, which privilege tax is imposed by section 57, chapter 89, Laws 1932, reading as follows:

“Commercial Agencies. — Upon each person engaged in the business of inquiring into' and reporting the credit and financial standing of other persons engaged in business in this state, a¡ state-wide tax of three hundred dollars. ’ ’

It appears that the appellee, the Gulfport Loan & Brokerage Company, had a contract with the Gulf Coast Industrial Loan…