Winter, State Tax Collector v. Murdock Acceptance Corp.

The State Tax Collector sued Murdock Acceptance Corporation for certain privilege taxes alleged to be due the Cities of Jackson, Meridian, Tupelo, Columbus, and the Counties of Hinds, Lauderdale, Lee and Lowndes, and the State of Mississippi, for the years 1951 to 1958. The privilege taxes sought to be recovered are those levied by Sec. 9696-134, Code 1942, on money lenders as therein defined, Sec. 9696-135 which levies a $2,000 tax for doing a money lending business where a greater rate of interest than fifteen percent is charged, and Sec. 5586, which levies a $2,000 annual privilege tax for…