State Tax Commission v. Memphis Natural Gas Co.

The petition of the Memphis Natural Gas Company, a Delaware corporation, filed herein against the State Tax Commission seeks a judicial review of certain tax assessments levied by such Commission under the state income tax act (Chapter 120, Laws of 1934 and amendments thereto), on the net income of the petitioner for the years 1937-1941, inclusive, attributable to the ownership and use of the property of such Gas Company within this state devoted exclusively to the business of interstate commerce, it being claimed that such imposition of taxes violated the commerce clause of the Federal…