Mckay Buick, Inc. v. Love

FINCH, Judge.

This is an appeal from a declaratory judgment wherein the trial court held that § 150.040, RSMo Supp.1976,1 a new statute enacted in 1976 to impose an ad valorem tax on new motor vehicles, is constitutional and that § 137.115, RSMo Supp.19732 is applicable to the valuation established in § 150.040 in determining the assessed valuation to which the applicable tax rate should be applied. Defendants appealed to this court which has jurisdiction because construction of a revenue law and construction of provisions of the Missouri Constitution are involved. We reverse for the reason…