Tollett v. Franklin Equities, Inc.

OPINION ON PETITION TO REHEAR

Appellee has filed a petition for rehearing. A brief amicus curiae has been filed on behalf of the Tennessee Taxpayers’ Association and the Association of Tennessee Life Insurance Companies. It is suggested in these briefs that the opinion of the Court has subjected the entire portfolio of intangible properties held by corporate taxpayers to the minimum measure of the franchise tax under T.C.A. § 67-2908 (formerly T.C.A. § 67 — 2909), with serious consequences to financial institutions and other corporations in the state.

The opinion of the Court was addressed to a…