State v. National Lloyds Insurance Co.

HUGHES, Justice.

National Lloyds Insurance Company, having been granted permission by the Legislature, brought suit against the State to recover $6,912.35, alleged to be excess taxes paid the State under Art. 7064, Vernon’s Ann.Civ.St. In a non-jury trial, judgment was rendered against the State for $6,554.-50.1

The basic facts were stipulated and are:

“3. Under the provisions of Article 7064, Revised Civil Statutes of Texas of 1925, as amended, National Lloyds became liable during the year 1959 for taxes at the rate of 1.1% on gross receipts received by it during said year after an allowance…