Simmons Co. v. Tax Commission

Three years before the decision in the case of State ex rel. Hansen v. Cary, 191 Wis. 153, 210 N. W. 420, 698, holding that dividends declared upon appreciation in the value of corporate assets were not taxable, the assessor of incomes of Milwaukee county collected. $3,763.07 from three stockholders of the Simmons Company as a tax based on dividends resulting from the writing up on the books of the company the fair appreciation of-the value of the property of the company. The amounts making this total were paid under protest on or before December 31, 1923. Sec. 74.73, Stats., then in effect,…