Texas Co. v. Neill

McQUADE, Justice.

This case came before the trial court on a stipulation of facts. The plaintiff-respondent is a Delaware corporation having its principal place of business in Houston, Texas. Plaintiff derives its income from- sources in Idaho and other states. Plaintiff brought this action to recover claimed overpayment of taxes.

The issue presented herein arose over an interpretation of an Idaho statute, subsequently repealed, relating to deductions taken by the plaintiff for the calendar years 1954, 1955, and 1956. The statute in *244question, I.C. § 63-3032, subd. 3(d) [1947 Session Laws, ch.…