Bay Cities Transportation Co. v. Johnson

THE COURT.

This suit was brought to recover corporation franchise taxes claimed to have been illegally levied and collected. The sole question presented is whether corporations whose common parent is a foreign corporation not li censed to do business in this state constitute an affiliated group within the meaning of the Bank and Corporation Franchise Tax Act. (Stats. 1929, p. 19; Peering’s Gen. Laws, 1931 ed., Act 8488.)

The complaint alleges that Lawrence Warehouse Corporation during the taxable period in question was a foreign corporation, engaged solely as a holding company owning and…