Blank v. Collins

I respectfully dissent because this case is directly controlled by Roberts v. Lipson, 231 Ga. 142, 145 (200 SE2d 722) (1973). In Roberts we held:

Under the law as it existed when the Georgia Business Corporation Code was adopted, we are convinced and we hold that the General Assembly did not intend to grant to undomesticated foreign corporations which qualified to do business in Georgia an exemption of their stock from intangible tax.

Until 1988, when the General Assembly’s amendment to OCGA § 48-6-20 became effective to redefine corporations such as Home Depot as domesticated foreign…