American Manufacturing Co. v. Commonwealth

This is a petition under St. 1909, c. 490, Part III, § 70, by a Massachusetts corporation for the abatement of an excise tax assessed upon it for the year 1918. The petitioner was subject to a tax upon its corporate franchise under St. 1909, c. 490, Part III, §§ 39-43. It is provided by said § 41, Third, that there shall be deducted from the value of the corporate franchise, as there defined and ascertained, of a domestic corporation, “the value of its property situated in another State . . . and subject to taxation therein.” The petitioner owned merchandise located in New York on April 1,…