Bailey v. Associates Loan Co.

Appellee paid the privilege tax for lending money secured by liens upon personal property as required by Section 9341, Miss. Code 1942, Recompiled. This proceeding was instituted by the State Tax Collector to collect from appellee a privilege tax on behalf of the municipalities of Jackson, Gulfport and Meridian under Section 9696-135 of the same Code. Appellee, by plea, set up as one defense that the tax which it had paid was for state-wide privilege, which prevented imposition of the local tax under 9696-135. Appellee also denied that it had loaned money at a greater rate of interest than 15 *516…