Commonwealth v. Greenville Steel Car Co.

OPINION OF THE COURT

ROBERTS, Justice.

Appellant Greenville Steel Car Company is a Pennsylvania corporation which manufactures, sells and leases railroad cars and earth moving equipment. Appellant elected to be treated as a foreign corporation for purposes of paying the capital stock tax for the taxable year ending December 31, 1971. See § 602(a) of the Tax Reform Code of 1971, Act of March 4, 1971, P.L. 6, art. VI, § 602(a) as amended, 72 P.S. § 7602(a) (Supp.1975).

The election provision provides:

“. . . any domestic corporation . . . may elect to compute and pay its tax under and in accordance…