Guy F. Atkinson Co. v. State Tax Commission

This is an appeal from a determination of the Tax Court that plaintiff was entitled to an offset against its corporate excise taxes in the years 1957 and. 1958 for personal property taxes paid on specified types of its personal property located within the state, as provided by ORS 317.070 (2).

Subsection (2) of ORS 317.070 allows a personal property tax offset to corporations “primarily engaged in manufacturing, processing or assembling materials into finished products for purposes of sale * * The offset is the tax paid on personal property located in the state which was “allocable to * * *…