People Ex Rel. Chas. Kohlman & Co. v. Law

The relator, a domestic corporation, is in the business of the sale of cotton. On July 1, 1920, it filed a report with the State Tax Commission which showed or purported to show the amount of its net income during the year ending December 31, 1919. This report was made in obedience to article 9A of the Tax Law (Consol. Laws, ch. 60) imposing upon domestic corporations a franchise tax measured by the entire net income derived from business transacted within the State. When the business of the corporation is transacted partly in New York and partly elsewhere, the statute prescribes rules for…