Pacific Telephone & Telegraph Co. v. State Tax Commission

Edward H. Howedl, Judge.

Plaintiff appeals from an order of the tax commission which assessed additional corporate excise taxes against the plaintiff for the tax year 1961.

The facts have been stipulated. Until July 1, 1961, plaintiff, a California corporation, had been engaged in the telephone communications business in Oregon. At 11:59 p.m. on June 30, 1961, plaintiff exchanged its properties in Oregon, Washington and Idaho with Pacific Northwest Bell Telephone Company for certain securities. The latter company has continued the telephone business since the transfer.

While the plaintiff ceased…