Klein v. Board of Tax Supervisors of Jefferson Cty.

This is an appeal from a judgment of the Court of Appeals of Kentucky affirming the validity of a State tax and the constitutionality of the statutes under which the tax was imposed. 230 Ky. 182.

Holders of stock in a corporation generally are required to list their shares for taxation, but it is provided that “ the individual stockholders of a corporation, at least seventy-five per cent (75%) of whose total'‘property is taxable in Kentucky, shall not be required to list their shares for taxation so long as the corporation pays taxes on all its property in Kentucky ” &c. Kentucky Statutes; §…