State v. Canadian Pacific Railway Co.

The State tax assessors levied upon the defendant as its annual excise tax for the year 1923 the sum of $158,958.85, and for the year 1924, $163,714.32.

The defendant admitted liability for and paid a large part of the tax of each year, leaving, however, unpaid and disputed a balance of $38,566.30 upon the tax of 1923 and $39,722.07 upon that of 1924. Hence this suit.

The parties disagree as to the proper basis of tax assessment. If the State is right in its contention judgment must be entered against the' defendant for said balances plus interest. If the defendant’s is the correct theory…