Thompson Building Co. v. Oklahoma Tax Commission

This appeal by Thompson Building Company, a corporation, from a ruling of the Oklahoma Tax Commission, involves a construction of H. B. 116, S. L. 1941, page 347, 68 O. S. 1941 §§ 634-643.

Pursuant to the requirements of this act, corporation filed a return, on the basis of which it calculated a tax due of $243.75, which was tendered. Commission audited the return and, on the basis of its interpretation of the act, assessed and demanded payment of an additional $387.50.

Corporation protested and at the hearing held the only issue related to an item of real estate mortgage bonds that corporation…