Sinclair Pipe Line Co. v. State Commission of Revenue & Taxation

The opinion of the court was delivered by

Jackson, J.:

This action was begun by the appellant, a Delaware corporation, to recover taxes paid under protest and assesséd pursuant to G. S. 1949, 79-701 et seq. upon certain corporate stock owned by appellant. The case was tried to the court, which made extensive findings of fact, and held that the intangible tax under G. S. 1949, 79-3108 et seq. was validly assessed upon appellant’s property. Appellant has appealed from that decision.

This is the second appeal in this case. In the former appeal, in Sinclair Pipe Line Co. v. State Commission of…