Commonwealth v. Pine Creek Railway Co.

Citations

• 188 Pa. 198
• 41 A. 1118
• 1898 Pa. LEXIS 590

Syllabus

<p>Taxation — Corporation—Tax on capital stock — Debt.</p> <p>In ascertaining the value of the capital stock of a corporation for the purposes of state taxation under the act of June 8,1891, the indebtedness of the company cannot be deducted from the value of the property and assets otherwise ascertained, but it may be considered as one of the relevant facts bearing upon the value of the stock.</p>