Com. v. East Bangor Consolidated Slate Co.

Citations

• 162 Pa. 599
• 29 A. 706
• 1894 Pa. LEXIS 1026

Syllabus

<p>Taxation — Manufacturing corporation — Mining company — Act of 1889.</p> <p>A corporation organized for the purpose of “ mining, quarrying, manufacturing and selling slate and slate products,” which invests a portion of its capital in mining slate for its own use from its own land, is subject to taxation on such portion of its capital so invested; but on the remainder of its capital it is exempt, under the act of June 1, 1889, P. L. 431.</p>