Shapero v. Department of Revenue

The facts in this case are not in dispute. During the calendar year 1945 plaintiffs were the owners of shares of stock in certain Michigan corporations. In March, 1946, they advised defendant with reference to such ownership, making claim at the same time that the shares were not taxable under the provisions of Act No. 301, Pub. Acts 1939, as amended by Act No. 233, Pub. Acts 1941 and Act No. 165, Pub. Acts 1945 (Comp. Laws Supp. 1940, 1945, § 3658-1 et seq., Stat. Ann. 1945 Cum. Supp. § 7.556 [1]et seq.), commonly referred to as the Michigan intangibles tax act. Said statute has been further…