Commonwealth v. Rosenbloom Finance Corp.

Opinion by

Mr. Justice Manderino,

The issue in this appeal is whether the appellee, Rosenbloom Finance Corporation, may elect to be taxed as a holding company and thus pay less Pennsylvania corporate franchise tax. The Board of Finance and Review resettled appellee’s reported franchise tax for the year 1963. The resulting tax was $25,972.03. In an appeal to the Court of Common Pleas of Dauphin County sitting as the Commonwealth Court, appellee raised two issues: (1) whether the valuation of appellee’s capital stock was proper, and (2) whether the appellee was a holding company and thus entitled…