Board of Com'rs v. Remedial Finance Corp.

On the 16th day of April, 1936, the board of equalization of Tulsa county, Okla., assessed the personal property of Remedial Finance Corporation, hereinafter referred to as protestant, on an ad valorem basis at a valuation of $25,000. The Finance Corporation protested the assessment, claiming exemption from ad valorem taxation under section 17 of article 6, chapter 66, Session Laws of Oklahoma, 1935, identified in the act as “Oklahoma Income Tax Law.”

From an adverse ruling, protestant appealed to the district court, which reversed the order of the board of equalization and entered the…