Arthur Jordan Foundation v. District of Columbia

PRETTYMAN, Circuit Judge.

This is a petition to review a decision of the District of Columbia Tax Court in a franchise tax case. Petitioner Foundation was created in 1928 by a trust agreement in which various common stocks and certain realty were transferred to trustees to hold and to apply the earnings to charitable, educational and similar purposes. During the taxable years here involved the trust owned real estate in Washington, where it conducted businesses directly and not as a stockholder, selling for profit musical merchandise. The principal place of business of the Foundation is…