Franklin Life Insurance v. State Board of Equalization

Asserting the unconstitutionality of the retaliatory tax statute (Ins. Code, § 685) or, in the alternative, its unconstitutional application in the instant case, plaintiff Franklin Life Insurance Company (hereinafter called the Company) sought unsuccessfully in the trial court to recover taxes assessed by defendant State Board of Equalization (hereinafter called the Board). More specifically, the Company contends: (1) the retaliatory tax statute conflicts with the constitutional provision authorizing the retaliatory tax,- (2) the Board improperly computed the retaliatory tax imposed upon the…