Vicksburg Bank v. Worrell

Citations

• 67 Miss. 47

Syllabus

<p>1. Constitutional Law. Taxation. Subjects of. Power of legislature.</p> <p>The legislature may select the subjects of taxation, and everything not designated as taxable is for the time being exempt.</p> <p>2. Taxation. Equality and uniformity. Legislative discretion. Const., Art. XII. § 20.</p> <p>The subjects of taxation may be classified at the discretion of the legislature, and if all of the same class are taxed alike there is no violation of the constitutional requirement of equality and uniformity.</p> <p>3. Same. Constitutional law. Power of the legislature. Privilege tax.</p> <p>The legislature may impose a specified tax upon a business and may provide that it shall be a substitute for all other taxes on the means employed in it.</p> <p>4.Same. Legislative discretion. Constitution, Art. XII. § 20. Judicial interference.</p> <p>A large discretion is given to the legislature in enforcing the constitutional requirement that taxes be equal and uniform, and unless it has plainly violated this provision the courts will not interpose.</p> <p>5. Exemption from Taxation. Legislative power. Const., Ait. XII. §16. Right of counties to tax.</p> <p>The power of the legislature to exempt property from taxation is not abridged by the above section of the constitution, which provides that no county shall be denied the right to raise by special tax money sufficient to pay for the building and repair of courthouses, jails, bridges, and other necessary conveniences for the people of the county. The right of the counties is limited to a levy of a certain per cent, on all tax levied by the state, and the subjects of taxation may be determined by the legislature.</p> <p>6. Constitutional Law. Banks. Taxation thereof. Privilege tax. Act of March 8, 1888.</p> <p>The provision of the revenue act of 1888 (Laws 1888, p. 16), which imposes upon banks a tax, to be measured by their capital stock and assets, and to be in lieu of all other taxes, state, county and municipal, upon their