Stronge & Lightner Co. v. Commissioner of Taxation

Knutson, Justice.

Certiorari upon relation of the commissioner of taxation to review a decision of the board of tax appeals reversing the commissioner’s determination of an additional tax due from respondent.

Minnesota imposes a corporate franchise tax on domestic and foreign corporations measured by the corporation’s taxable net income for the taxable year for which the tax is imposed. M. S. A. 290.02. In the case of corporations carrying on a trade or business partly within and partly without the state the method of computing such income is prescribed by § 290.19. 2 Three principal formulas…