Gulf States Utilities Co. v. State

On Motion for Rehearing.

On motion for rehearing, appellant contends for the first time that the construction of the 1930 Franchise Tax Act contended .for by the state, and adopted by the trial court and this court, renders the act void as being violative of the equal protection of law clause of the Fourteenth Amendment to the Federal Constitution, in that the result of such construction “is to tax appellant on its capital stock invested in the electric light and power and water businesses at a sum very much in excess of the tax imposed upon other corporations having large outstanding bond…