Button v. Hikes

Opinion op the Court by

Judge Tilford

Affirming.

The appellants, constituting the Jefferson County-Board of Supervisors of Tax, listed for taxation for the year 1941 the appellee’s right to receive from life insurance companies income during her life payable in accordance with the terms of a “mode of settlement” selected by the insured, her deceased husband. The Jefferson County Quarterly Court, on appeal, adjudged the assessment to be erroneous and void. A similar decision was rendered by the Circuit Court on appeal to that tribunal by the Board, and it is this decision we are called upon to…