Wisconsin Public Service Corp. v. Tax Commission

The Wisconsin Public Service Corporation and the Menominee & Marinette Light & Traction Company *260are two separate and distinct domestic public utility corporations. For brevity, the former will be referred to herein as the Service Company and the latter as the Traction Company.

The Service Company owns all of the stock and bonds of the Traction Company. The officers of the Service Company hold the similar offices of the Traction Company. The Service Company was assessed an income tax upon the dividends and interest received by it upon its stock and bonds of the Traction Company. It claims that…