Florida Steel Corp. v. Dickinson

RAWLS, Chief Judge.

The determinative question posed by this appeal is: May the State of Florida levy an intangible tax on the accounts receivable of a corporation domiciled in Florida, when the accounts receivable were generated by the sale of property outside the State of Florida, and the accounts receivable have already been subjected to an intangible tax by another state ?

The facts which give rise to this question which is of paramount concern to Florida domiciled corporations are not in dispute. Florida Steel is a Florida domiciled corporation engaged in the manufacturing, fabricating and…