Roane Hosiery, Inc. v. King

Mr. Chiee Justice Burkett

delivered the opinion of the Court.

The question presented here is whether a Tennessee corporation is required to pay excise tax to the State based upon its entire net earnings without apportionment, when the only activities this Tennessee corporation has outside of the State of Tennessee consist of the sale of its products through offices of a subsidiary corporation owned and controlled by the Tennessee corporation, when there are no taxes paid by the Tennessee corporation to any other state.

The stipulated and agreed facts are that the appellant is a Tennessee…