Legal Opinion
Philadelphia Suburban Corp. v. Commonwealth
Commonwealth Court of Pennsylvania
Decided January 3, 1992No. 1423 C.D. 1988PublishedCited by 18 opinions
1Opinion of the Court
BYER, Judge.
The sole issue in this taxpayer appeal from the Board of Finance and Revenue is the proper determination of the “average net income” component of the fixed formula used to compute taxpayer’s capital stock value for capital stock tax purposes. Resolution of this issue requires us to determine the validity of a regulation of the Department of Revenue, 61 Pa.Code § 155.26(b), which interprets section 601 of the Tax Reform Code of 1971, Act of March 4, 1971, P.L. 6, as amended, 72 P.S. § 7601.
Section 601 contains the statutory formula for computing the capital stock value of a…
2Cases cited15 opinions
- Demarest v. ManspeakerSupreme Court of the United States · 1991
- Coretsky v. Board of CommissionersSupreme Court of Pennsylvania · 1989
- Commonwealth v. RevtaiSupreme Court of Pennsylvania · 1987
- Latella v. CommonwealthCommonwealth Court of Pennsylvania · 1983
- Commonwealth v. Parker White Metal Co.Supreme Court of Pennsylvania · 1986
10 more not listed; retrieve them via the Exa API.
3Cited by18 opinions
- Tool Sales & Service Co. v. CommonwealthSupreme Court of Pennsylvania · 1993
- Philadelphia Suburban Corp. v. CommonwealthSupreme Court of Pennsylvania · 1993
- Commonwealth, Department of Environmental Resources v. PBS Coals, Inc.Commonwealth Court of Pennsylvania · 1996
- Golebieski v. Public School Employees Retirement BoardCommonwealth Court of Pennsylvania · 1993
- COM., DEPT. OF TRANSP. v. MoranCommonwealth Court of Pennsylvania · 1993
13 more not listed; retrieve them via the Exa API.