Phoenix Fire & Marine Insurance v. Tennessee

Citations

• 161 U.S. 174
• 16 S. Ct. 471
• 40 L. Ed. 660
• 1896 U.S. LEXIS 2150

Syllabus

<p>A state statute granting to a company incorporated by it “ all the rights and privileges ” which had been granted by a previous statute of the State to another corporation, does not confer upon the new company an exemption from taxation beyond a defined limit which was conferred upon the other company by the act incorporating it.</p> <p>The ruling of the highest court of a State, in a suit to recover taxes alleged to be due, concerning the effect to be given to a former judgment of the same court as to the liability of the same parties to pay similar taxes previously assessed, is not subject to review by this court.</p>