Bankers Securities Corp. v. Philadelphia School District

Bok, P. J.,

— This is an appeal from an assessment by the School District of Philadelphia for general business taxes under the Act of May 23, 1949, P. L.-1669, as amended, 24 PS §584.1 et seq. The Department of Collections, as collector of the general *249business tax for the School District of Philadelphia, has assessed petitioner in the sum of $3,080.21, plus interest and penalties, based upon $3,080,209 in dividends and profits received from securities investments during calendar year 1954.

Section 3 of the Act of May 23, 1949, as amended, imposes on every person, including corporations (section…