Commonwealth v. Curtis Publishing Co.

Citations

• 237 Pa. 333
• 85 A. 360
• 1912 Pa. LEXIS 941

Syllabus

<p>Taxation — State taxes — Capital stock tax — Foreign corporation —Securities and bank balances — Sites of personal property.</p> <p>A manufacturing corporation chartered in the state of New Jersey and having offices therein for corporate purposes, but doing business and carrying on its operations in Pennsylvania, falls within the class of corporations subject to the capital stock tax provided by the Act of June 1, 1889, P. L. 420 and its amendments; but it is not liable for a tax upon bank balances, or upon bonds, mortgages and other evidences of indebtedness owned by it, even where they are held in deposit within this state.</p>