First Wisconsin Trust Co. v. Tax Commission

A narrow question is presented on this appeal. It is whether the gains from the sale of securities and interest from investments which have been accumulated by the trustee of a fund set apart for the perpetual care of a mausoleum are taxable to the trustee under sec. 71.05 (1) (d), Stats. The terms of that statute, as set out in the statement of facts, treat with different classes of corporations and associations : (1) Religious, scientific, educational and benevolent corporations and associations; and (2) those corporations or associations not organized or conducted for pecuniary profit.

First…