People ex rel. Tomkins Cove Stone Co. v. Saxe

Lyon, J.:

The relator seeks exemption from the payment of the franchise tax imposed by section 182 of the Tax Law (Consol. Laws, chap. 60; Laws of 1909, chap. 62), upon the amount of its capital stock employed in this State during the year ending October 31, 1914. The ground of relator’s application for exemption is that relator is a manufacturing corporation within the contemplation of section 183 of the Tax Law, and hence entitled to exemption from taxation to the extent of the capital actually employed in this State in manufacturing and in the sale of the product of such manufacturing.

The…