George, Inc. v. Norberg

OPINION

SHEA, Justice.

We granted certiorari in this case to consider the validity of additional corporate income taxes assessed against the taxpayer, George, Inc. (George). The District Court sustained the tax administrator’s decision that required George to pay an additional $2,649.97 plus interest in state income taxes for 1976. We sustain George’s petition and quash the judgment below.

George was a Delaware corporation with its principal place of business in Rhode Island. 1 It was a wholly owned subsidiary of a Rhode Island corporation established as a personal holding company for the…