Section 40-12-86

Cotton compresses.

For each person operating any compress for the purpose of compressing cotton, the license tax shall be as follows: for each compress compressing not more than 20,000 bales of cotton per annum, $75; for each compress compressing more than 20,000 bales of cotton and less than 50,000 bales of cotton per annum, $100; for each compress compressing 50,000 bales or more of cotton per annum, $250, such tax to be measured by the number of bales of cotton compressed during the previous year. Each person applying for such license shall file with the probate judge a sworn statement showing the number of bales compressed during the preceding year. A person beginning the operation of a new compress shall be liable for the minimum license tax herein levied for the first year.

(Acts 1935, No. 194, p. 256; Code 1940, T. 51, §498.)