Southern Carbon Co. v. State

This is a claim for refund of the amount of tax paid for stock transfer stamps which the claimant maintained were erroneously affixed and cancelled in connection with the transfer of stock certificates representing 164,807 shares of Interstate Natural Gas Company stock from claimant’s name to that of Columbian Carbon Company, of which the claimant is a wholly owned subsidiary.

The claim was filed with the Comptroller pursuant to the provisions of section 280 of the Tax Law, and was rejected.

The origin of the stock was a gas purchase contract of claimant with Interstate, as a part of which…