Commonwealth v. Pomeroy's, Inc.

Opinion bx

Mr. Chief Justice Schaffer,

Complaint is made by Pomeroy’s, Inc., that the assessment of its capital stock for state tax purposes is too high. It appeals from the judgment of the Court of Common Pleas of Dauphin County, all of whose judges sat at the hearing.

Appellant conducts four large department stores, located in Reading, Harrisburg, Wilkes-Barre and Potts-ville. Its gross sales for the fiscal year in question, 1937, amount to $6,953,701.70. Dividends were paid in that year of $391,168.57 and reported earnings were $343,-357.48. In the three preceding years, in which no dividends…