Peoples Finance & Thrift Co. v. Pima County

The People’s Finance & Thrift Company, a domestic corporation, whose principal place of business is Tucson, Pima county, Arizona, was assessed, so it alleges, for the years 1927, 1928, 1929 and 1930 upon both its real and personal property and the shares of its capital stock. It paid the taxes under protest, and thereafter brought this action against Pima county to recover the sum paid on the shares of its capital stock, contending that the law does not authorize or permit the county to assess and collect taxes on such shares. The defendant’s answer consists of a general demurrer and a…