Stoll Oil Refining Co. v. State Tax Commission

Opinion of the Court by

Judge Thomas

Affirming.

The appellant, Stoll Oil Refining Company, a corporation, as plaintiff below, filed this equity action in the Franklin circuit court against the appellee and defendant below, state tax commission, to enjoin it from assessing plaintiff with the value of its intangible property for the purpose of collecting ad valorem taxes thereon as is provided 'by section 4077 of the Kentucky Statutes, and which intangible property under that section is usually denominated a franchise, but which is totally separate and distinct 'from the privilege of becoming a…