In Re Appeal of Newton Packing Co.

On August 29, 1935, Newton Packing Company, a Michigan corporation, filed with the commissioner of Michigan corporation and securities commission its annual report showing its condition as of December 31, 1934, as required by Act No. 327, § 82, Pub. Acts 1931 (as last amended by Act No. 194, Pub. Acts 1935), accompanied by a filing fee of $2 and a privilege fee of $250 payr able by the corporation for the tax year beginning August 31, 1935. The corporation computed the tax on the basis of 2% mills upon each dollar of its paid-up capital of $100,000 which was claimed to be the amount in…