General Electric Credit Corp. v. State Tax Commission

This is an appeal by the State Tax Commission from a decree of the circuit court which held invalid an excise tax assessed against the plaintiff under ORS 317.060. The tax was assessed pursuant to a 'belief that the plaintiff is a “financial corporation” within the contemplation of the section of our laws just cited and as a deficiency for the year 1957. Prom the assessment an unsuccessful appeal was taken to the State Tax Commission. Later, the plaintiff appealed to the circuit court and January 13, 1961, the court entered findings of fact and conclusions of law which ruled that the…