Geldermann and Company, Inc. v. Dept. of Rev.

CARL N. BYERS, Judge.

Plaintiff, a Delaware corporation with its principal place of business in Chicago, Illinois, is authorized to do business in Oregon. It appeals from an opinion and order of the Department of Revenue which finds plaintiff subject to Oregon’s corporate excise tax for the years 1972 through 1977. The parties have stipulated to the facts and submitted the case on briefs.

Plaintiffs primary business is the purchase and sale of commodity futures contracts for its customers on a commission basis. Plaintiff operated its own commodity commission business in Chicago and also did…