Mexican Petroleum Corp. of Louisiana, Inc. v. Louisiana Tax Commission

The purpose of this suit is to effect a reduction of plaintiff’s general property assessment at Destrehan, La., for the year 1929, from $2,085,720 to $1,155,673.34, by eliminating from the assessment an item of $626,448.-28, representing imported crude oil, an item of $1,705.13, representing imported rape seed oil, and an item of $301,895, alleged to be in excess of the actual cash value of the property subject to taxation, on January 1, 1929.

The crude oil was imported in bulk from Mexico and Venezuela, mostly from the latter country, and the rape seed oil was imported in barrels, in which it…