Stone v. Stapling Machines Co.

This case involves the validity of an assessment for Mississippi income tax against a foreign corporation doing business within the State. In Stone v. Stapling Machines Co., 71 So. 2d 205 (Miss. 1954), this Court upheld the validity of an assessment of a Mississippi sales tax against the same taxpayer. The tax there involved was measured by two per cent of the gross receipts from “renting or leasing of tangible personal property.” The pertinent facts applicable to appellee-taxpayer are substantially the same as those outlined in the opinion in 71 So. 2d 205, and they will not be recited in…