Bacon v. Board of State Tax Commissioners
Michigan Supreme Court
Mandamus by Thaddeus W. Bacon to compel the board of State tax commissioners to vacate an assessment on certain shares of stock in a foreign corporation.
1DissentGrant, J.
The conceded facts in this case are: The New York Central & Hudson River Railroad Company is a corporation organized under the laws of New York. Its property, personal and real, is situated in that State. It has no property subject to taxation in Michigan. All its property, including its capital stock, is taxed in the State of New York. Its tax in that State for the year 1900 was $2,345,526.08, which it paid. This includes the tax on its capital stock, which tax amounted to $237,815.71. The total tax amounted to 2 per cent, on its entire capital stock, and to 11.4 per cent, on its net income.…
2Cases cited19 opinions
- Coe v. ErrolSupreme Court of the United States · 1886
- Van Allen v. AssessorsSupreme Court of the United States · 1866
- Adams Express Co. v. Ohio State AuditorSupreme Court of the United States · 1897
- Sturges v. CarterSupreme Court of the United States · 1885
- Youngblood v. SextonMichigan Supreme Court · 1875
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