Jewelcor Inc. v. Commonwealth

Opinion by

President Judge Crumlish,

Jewelcor, Inc., appeals from a Board of Finance and Revenue decision denying it ‘ ‘industrial corpora*389tion” exclusion status under the Realty Transfer Tax Act.1 Upon careful review, we reverse.

Jewelcor, a diversified Pennsylvania corporation with, both retail and industrial subdivisions, was engaged in a progressively expanding printing business in Pittston, Pennsylvania. In 1966, the Pittston Chamber of Commerce, a non-profit industrial development agency, proposed that Jewelcor lease an improved parcel of land located in West Pittston for the purpose of…