Bass, Ratcliff & Gretton, Ltd. v. State Tax Commission

This case involves the constitutional validity of Article 9-A of the Tax Law of New York under consideration in Gorham Manufacturing Co. v. State Tax Commission, No. 5, just decided, ante, 265.

This article1 provides that for the privilege of doing business in the State a foreign manufacturing and mercantile corporation shall pay, in advance, an annual franchise tax, to be computed by the State Tax Commission, at the rate of threé per centum, upon the net income of the corporation for the preceding year. §§ 209,2 215. This net income is “ presumably the same ” as that upon which the…