Legal Opinion
Wurlitzer Co. v. State Tax Commission
New York Court of Appeals
Decided July 11, 1974PublishedCited by 18 opinions
1Opinion of the Court
*103Stevens, J.
The Wurlitzer Company (Wurlitzer) is a foreign corporation doing business in New York. In 1957, it formed the Wurlitzer Acceptance Corporation (WAC), a foreign corporation not doing business in New York, whose sole purpose is to provide financing to Wurlitzer by purchasing Wurlitzer’s accounts receivable (security agreements), pursuant to a contract between them. Wurlitzer does all of the work of collecting the accounts and receives a fee therefor from WAC. At the time of the formation of WAC, Wurlitzer contributed capital of two and one-half million dollars in the form of accounts…
2Cases cited3 opinions
- Butler Bros. v. McColgan, Franchise Tax CommissionerSupreme Court of the United States · 1942
- Underwood Typewriter Co. v. ChamberlainSupreme Court of the United States · 1920
- People Ex Rel. Standard Oil Co. v. . LawNew York Court of Appeals · 1923
3Cited by18 opinions
- Coleco Industries, Inc. v. State Tax CommissionAppellate Division of the Supreme Court of the State of New York · 1983
- Matter of Standard Mfg. Co., Inc. v. Tax Comm'n of the State of New YorkNew York Court of Appeals · 1986
- Westinghouse Electric Corp. v. TullyNew York Court of Appeals · 1982
- Disney Enterprises, Inc. v. Tax Appeals TribunalAppellate Division of the Supreme Court of the State of New York · 2007
- Matter of Campbell Sales Co. v. New York State Tax Comm'nNew York Court of Appeals · 1986
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