delivered the opinion of the court.
This is an appeal from an assessment imposed on Reed Bros., Incorporated, under chapter 75, Laws of 1908 (sections 6889, 6890, Hemingway’s Code). The case is tried under the following agreed statement of facts:
“The following is agreed to as the facts in this case: Reed Bros., Incorporated, is a corporation organized under the laws of this state, and domiciled at Tupelo, Miss. The corporation was organized on the 2d day of March, 1920, and is a mercantile corporation doing business in Tupelo, Lee county, Miss. It began and commenced business on the 2d day of March, 1920, and owned no property on the 1st day of February, 1920. The charter of incorporation was granted to Reed Bros, on the 29th day of December, 1919, but no organization ivas had until the 2d day of March, 1920. The sole question presented in this cause is as to the constitutionality of chapter 75 of the Laws of 1908 (section 6889, 6890, Hemingway’s Code). Reed Bros, declined to give in their assessment for 1920, claiming that they were exempt because they had no stock of goods and no property on the 1st day of February, but the assessor returned the proper form assessment against them made by him for twenty-two thousand, two hundred and fifty dollars. Reed Bros, filed a protest before the board of supervisors in proper form, protesting this assessment; and that the act (chapter 75 of the laAvs of 1908) was unconstitutional, in that it made a different basis and an unfair and unjust basis for the assessment of mercantile property from that of other property, inasmuch as property not OAvned by others on the 1st day of February of the current year Avas not assessed, but that property of merchants ác-' quired after February 1st is required to be assessed. The board of supervisors overruled this protest, and approved the assessment of sáid Reed Bros., Incorporated, as returned by the assessor for twenty-two thousand, tAvo hundred and fifty dollars. Reed Bros, took an appeal from this action of the board of supervisors to the circuit court, *167which appeal was taken in due time and in'the proper way. It is agreed that, if any assessment at all should he made against said Reed Bros., twenty-two thousand, two hundred and fifty dollars is a correct amount. This property assessed is the stock of goods, and is wholly in Lee county, state of Mississippi. The sole question presented by the appeal to the circuit court is as to the constitutionality of the act referred to, in which it attempts to assess the stock of goods and property of merchants in a different way and on a different basis, which protestants state is unfair and, unjus't,” etc.
The court below sustained the assessment, as did the board of supervisors.
Under the agreed state of facts the question presented for decision is whether or not chapter 75, Laws of 1908 (section 6889, 6890, Hemingway’s Code), is constitutional. This chapter reads as follows:
“An acl valorem tax shall be assessed and collected upon all stocks of goods, wares and merchandise offered for sale by any person, firm or corporation commencing business after the first day of February, of the current year, which said tax shall be apportioned according to the date at which the business is commenced, as follows, to wit:
“If commenced after the first of February, and on or before the first of April, the tax shall be three-fourths of the tax for the whole year; if commenced after the first of April and on or before the first of July, the tax shall be one-half of the tax for the year; if commenced after the first of July, and on or before the first of October, the tax shall be one-fourth of the tax for the whole year.
“In all cases where stocks of goods, wares and merchandise assessable under the terms of this act have escaped assessment by the assessor, it shall be the duty of the sheriffs of the various counties of the state to assess said property, and they are hereby required so to do, and for this duty they shall receive compensation at the same rate and be paid in the same manner as assessors are paid. And for failure to' perform such duties as are required by this *168act they shall bé subject to the same pains and penalties as apply to assessors. Provided, that there shall be no assessment where it can be shown that the capital employed in such business has been .properly assessed for the fiscal year by the tax assessor of the county wherein the business is conducted.”
Under the general law as provided in section 4257, Code of 1906 (section 6888, Hemingway’s Code) — “All taxable property brought into the state or acquired or held by any person before the first day of February shall be assessed, and taxes thereon paid for the current year.”
The act here under review seeks to jmpose an ad valorem tax upon all stocks of goods, ware and merchandise offered for sale by any person, firm or corporation commencing business after the 1st day of February of the current year, and arbitrarily fixes the assessment if made before the 1st of April and after the 1st day of February at three-fourths of the tax for the whole year; and, if commenced after the 1st of April, and before the 1st day of July, the tax shall be. one-half of the tax for one year; and, if commenced after the 1st day of July, and ón or before the 1st day of October, the tax shall be one-fourth of the whole year.
Section 112 of the state Constitution provides:
“Taxation shall be uniform and equal throughout the state. Property shall he taxed in proportion to its value. The legislature may, however, impose a tax per capita upon such domestic animals as from their nature and habits are destructive of other property. Property shall be assessed for taxes under general laws, and by uniform rules, according to its true value. But the legislature may provide for a special mode of valuation and assessment for railroads, and railroad' and other corporate property, or for., particular species of property belonging to persons, corporations, or associations not situated wholly in one county. But all such property shall be assessed at its true value, and no county shall be denied the right to levy county and special taxes upon such assessment as in other cases of property situated and assessed in the county.”
*169Section 181 of the state Constitution provides that the property of corporations for pecuniary gain shall he taxed in the same way and to the same extent as that of individuals.
Under the agreed facts in this case the corporation sought to be taxed had no property on the 1st day of Feb ruary, and, if it is assessed at all, we must hold that stocks of goods are subject to ad valorem tax at a time and for a period in which other’ property is not assessed at all. Clearly this is in violation of the provisions of the state Constitution and the principles decided in Robertson v. Mississippi Valley Co., 120 Miss. 159, 81 So. 799; Robertson v. Miss. Valley Co., 77 So. 253; Robertson v. K. C. Lumber Co., 77 So. 246; C., R. I. & P. R. R. Co. v. Robertson, 122 Miss. 417, 84 So. 449; Gulfport v. Todd, 92 Miss. 428, 46 So. 541; Horton v. King, 113 Miss. 60, 73 So. 871; Bullock v. Covington County, 77 So. 662; Pearl River Co. v. Lacey Lumber Co., 86 So. 757.
The judgment of the court below will be reversed, and judgment entered here for the appellant.
Reversed, and judgment here for appellant.