Druker v. State Tax Commission

This case involves consolidated appeals taken by the State Tax Commission (commission) from decisions of the Appellate Tax Board (board) granting abatements of the taxpayer’s income tax for the years 1971 and 1972. We affirm the decisions of the board.

The pertinent facts may be summarized from the board’s finding of fact and report; we will recite here only those facts relative to the 1971 tax because the issues presented for the two years are identical. In 1971 the taxpayer had income from interest, dividends, and capital gains in the amount of $135,576. The Commissioner of Corporations *199and…