Collins v. Humphrey

Hart, C. J.,

(after stating the facts). The constitutionality of the 'Severance Tax Law was sustained in Floyd v. Miller Lumber Co., 160 Ark. 17, 254 S. W. 450, 32 A. L. R. 811, and that of the Income Tax Act of 1929 in Stanley v. Gates, 179 Ark. 886, 19 S. W. (2d) 1000. It will he noted from our statement of the case that our Severance Tax Law of 1923 provides for a distribution of the proceeds derived from the collection of the tax by crediting' two-thirds thereof to a. special fund created to be known as the Severance Tax Fund of the State of Arkansas, and to be wholly dedicated to the…