Parker v. Mississippi State Tax Commission

This is an appeal from a decree of the chancery court of Hinds county. The question involved is whether appellant’s salary as vice president of the Federal Land Bank of New Orleans is subject to state income tax, under chapter 120, Laws 1934. Appellant is a resident of the state of Mississippi; holds that position with the Federal Land Bank of New Orleans, and receives an annual salary of $4,590. The chancellor denied the exemption from taxation, and from that decree appellant prosecutes this appeal.

In considering this question, the principle should be kept in mind that exemptions from…