Texas Supreme Court
Humble Oil & Refining Co., Petitioner v. Robert S. Calvert, Respondents
March 15, 196710 Tex. Sup. Ct. J. 254
Summary
The Texas Supreme Court held that the 1959 recodification of the franchise tax statute (art. 12.02) did not intend to abandon the long‑standing "location of payor" test for allocating receipts from intangibles, and therefore affirmed the trial court’s judgment awarding Humble Oil & Refining Co. a refund of franchise taxes.