Oregon Mutual Savings Bank v. State Tax Commission

Edward H. Howell, Judge.

This is a suit for refund of income taxes for the tax years 1958, 1959 and 1960 and for abatement of income taxes for the year 1961. It is before this court on a stipulation of facts.

The plaintiff is an Oregon banking corporation, with its principal place of business in Portland, Oregon. It is engaged in making loans to individuals, corporations and associations in Oregon, Washington and California, which loans are secured by mortgages on real property.

The plaintiff’s employees make regular trips into southwest Washington for the purpose of soliciting business from…