Vincent Drug Co. v. Utah State Tax Commission

WADE; Justice.

Vincent Drug Company, Inc., seeks a review and reversal of a decision of the State Tax Commission levying a deficiency tax assessment on its corporation franchise tax.

The facts are riot in dispute. It is stipulated that on “January 2, 1962, Articles of Incorporation for Vincent Drug Company, Inc., a Utah corporation, were filed with the Secretary of State, Salt Lake City, Utah, together with the corporation’s check for $45.00 representing filing and license fees. B.efore 'this time, Vincent Drug had operated as a proprietorship, but after this date it began to conduct business…