Commonwealth v. Williamsport Rail Co.
Supreme Court of Pennsylvania
Commonwealth v. Williamsport Rail Co., 250 Pa. 596 (Pa. 1915)
Brown, Elkin, Frazer, Mestrezat, Mosohzisker, Potter, Stewart
Commonwealth v. Williamsport Rail Co.
Opinion of the Court
No portion of the capital stock of the defendant company is employed in the manufacture of anything within this State. It does not manufacture, or pretend to manufacture, anything anywhere. Its capital is actually employed in purchasing raw material and paying another corporation for converting the same into a product which it sells. Though it was incorporated , as a maim-; facturing company, the correct conclusion of the court below was that it is “carrying on nothing more than a mercantile business.”
Judgment affirmed.
Reference
- Full Case Name
- Commonwealth v. Williamsport Rail Company
- Cited By
- 6 cases
- Status
- Published
- Syllabus
- Taxation — Corporations — Capital stoch tax — Manufacturing company. A corporation engaged exclusively in purchasing raw material and paying another corporation to convert it into a manufactured product, is not engaged in manufacturing within the meaning of the acts of assembly exempting from taxation so much of the capital stock of a corporation as is exclusively employed in carrying on manufacturing within the State.