Wright v. Borthwick

OPINION OF THE COURT BY

COKE, C. J.

In 1935 the territorial legislature enacted a general excise tax law which levied a privilege tax of one and one-quarter per cent of gross income against persons, firms and corporations derived from businesses or activities carried on within the Territory for gain or economic benefit. Included within the scope of the Act were retailers, wholesalers, producers, contractors, theaters, amusement parks, radio broadcasting stations, printers and publishers, etc. (See Act 141, L. 1935.) By section 2-1-G of the Act all persons engaged in the practice of a profession…