Brennan v. Mississippi Home Insurance

Citations

• 70 Miss. 531

Syllabus

<p>1. Taxation. Domestic insurance company. Const. 1890, § 181.</p> <p>Under § 181, constitution 1890, domestic insurance companies are protected against an aggregation of taxes, whether state, county, or municipal, in excess of the tax required of foreign insurance companies doing business in this state, until their assets become sufficient to yield an ad valorem, tax, which, added to the privilege tax, will exceed the tax required of such foreign companies.</p> <p>2. Constitutional Law. Exemption from taxation. Const. 1890, § 112.</p> <p>The provision of § 112, constitution 1890, that no county shall be denied the right to levy county or special taxes upon certain assessments, applies only to assessments of railroad or other like property not situated wholly in one county. With the exception of this provision, there is no limitation in the constitution on the power of the legislature to exempt property from taxation by counties, cities, towns, or villages.</p>