Legal Opinion
Castle Sawmills, Inc. v. State Tax Commission
Oregon Tax Court
Decided May 4, 1964PublishedCited by 2 opinions
1Opinion of the Court
Peter M. Gunnar, Judge.
This is a suit to set aside defendant’s Opinion and Order No. I-62-34, which affirmed defendant’s assessment of corporation excise tax against plaintiff for its fiscal year ending April 30, 1958. The parties submitted the case on a written stipulation of facts.
The principal issue is whether intangible income arising out of plaintiff’s discount purchase of its obligations has an Oregon situs for corporation excise taxation. The parties have stipulated that this discount transaction resulted in income taxable somewhere to plaintiff in its 1958 tax year.
An Oregon…
2Cases cited18 opinions
- Bank of Augusta v. EarleSupreme Court of the United States · 1839
- Spector Motor Service, Inc. v. O'ConnorSupreme Court of the United States · 1951
- United Shoe MacHinery Corp. v. United StatesSupreme Court of the United States · 1922
- Cream of Wheat Co. v. County of Grand ForksSupreme Court of the United States · 1920
- A. C. Dutton Lumber Corp. v. State Tax CommissionOregon Supreme Court · 1961
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3Cited by2 opinions
- North Harbour Corp. v. Department of RevenueOregon Tax Court · 2002
- Union Pacific Railroad v. State Tax CommissionOregon Tax Court · 1964