Yazoo & Mississippi Valley Railroad v. Adams

Citations

• 181 U.S. 580
• 21 S. Ct. 729
• 45 L. Ed. 1011
• 1901 U.S. LEXIS 1392

Syllabus

<p>The railroad company filed a bill to enjoin the collection of certain state taxes from 1892 to 1891 inclusive. This court held that a new- corporation was formed hy a consolidation of certain prior, corporations made October 24, 1892, and that the taxes having accrued subsequent to that date were legally assessed under the state constitution of 1890, (180 U. S. 1). The railroad company moved for a rehearing with respect to the taxes of 1892 upon the ground that they accrued prior to the consolidation of October 24. Held: That as the Supreme Court of Mississippi had decided that all the taxes had accrued after the consolidation of October 24, and the company had thereby lost its exemption; and as this was a construction of the general tax laws of the State, which were complex and difficult of interpretation, this court would accept that construction and deny the petition for a rehearing.</p>