Harrison Naval Stores Co. v. Adams

Citations

• 104 Miss. 381
• 61 So. 417

Syllabus

<p>1. Taxation. Property subject. Money employed in business. Code 1906, sections 4266-4740.</p> <p>Under Code 1906, section 4266, so providing, every person having money employed in business in this state shall be taxable therefor in the county in which he may reside or have his place of business and under section 4740 providing that the revenue agent shall assess property which has escaped assessment, a foreign corporation which leases land for turpentine purposes, and which owned a number of stills and actually engaged in manufacturing turpentine and rosin from the tree on the leased land, and had its principal office in this state, was engaged in business in the state and was subject to assessment of the money invested and employed in such turpentine business, although the fee in the land was in the state university and not subject to taxation, and the trees from which the turpentine was extracted belonged to another who paid taxes upon the same.</p> <p>2. Same.</p> <p>In the assessment of such money employed in business the lease held by the corporation should only be treated as evidence of the amounts which such foreign corporation has in this state employed in its turpentine business.</p>