LINNTON PLYWOOD ASSN. v. State Tax Commission

This is an appeal from the decree of the Oregon Tax Court denying plaintiff’s claim for tax refunds *3of corporate excise taxes paid by the plaintiff for the tax years 1958 and 1959. 2 OTC Adv Sh 1 (1964).

The plaintiff contends that it erroneously included as income in each of the taxable years the year-end net proceeds of the plaintiff’s business operation which it retained, but which were, by reason of its prior agreement with its members, moneys belonging to the members and not the income of the corporation.

Plaintiff is organized and incorporated under the Oregon Cooperative Corporation Act…