Wasson v. Mayes

Bussey, Justice.

The respondent, B. C. Moore and Sons, Inc., is the operator of a chain of some sixty retail stores, thirty-one of which were located in various towns in South Carolina at the beginning of the year 1967. At issue in this litigation is the valuation of its inventories for the purpose of ad valorem taxes for the year 1967.

The respondent made a return to the appellant Tax Commission as required by statute. The reported inventories were reviewed by agents of the appellant, and a substantial increase in valuations was approved by the Commission after a hearing. Respondent then…