Legal Opinion
Sunray Oil Corp. v. Oklahoma Tax Commission
Supreme Court of Oklahoma
Decided March 2, 1943No. 30678PublishedCited by 5 opinions
1Opinion of the CourtHurst, J.
Appellant, Sunray Oil Corporation, is a Delaware corporation. It was domesticated in Oklahoma on November 18, 1939. In its corporation license tax return for the year ending June 30, 1941, it listed as property owned by it the capital stock of Sunray Oil Company, an Oklahoma corporation, herein referred to as “subsidiary,” and other intangibles such as accounts receivable, inter-company receivables, cash, the cash surrender value of life insurance policies, and prepaid expense. It did not include these intangibles in its Oklahoma assets in computing its license fee. The Oklahoma Tax…
2Cases cited7 opinions
- Wheeling Steel Corp. v. FoxSupreme Court of the United States · 1936
- First Bank Stock Corp. v. MinnesotaSupreme Court of the United States · 1937
- Dowell v. Board of EducationSupreme Court of Oklahoma · 1939
- Shinn v. Oklahoma CitySupreme Court of Oklahoma · 1939
- Crane Co. v. City Council of Des MoinesSupreme Court of Iowa · 1929
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3Cited by5 opinions
- IN THE MATTER OF THE INCOME TAX PROTEST OF HARESupreme Court of Oklahoma · 2017
- Thompson v. Bankers Investment CompanySupreme Court of Oklahoma · 1955
- Foster Petroleum Corporation v. Oklahoma Tax Comm.Supreme Court of Oklahoma · 1951
- IN THE MATTER OF THE INCOME TAX PROTEST OF HARESupreme Court of Oklahoma · 2017
- Marshall-Wells Co. v. Commissioner of TaxationSupreme Court of Minnesota · 1945