State v. Bethlehem Steel Corporation

Layton, C. J.,

delivering the opinion of the Court:

The question is single and narrow, and is dependent upon the scope and meaning of 1985, Section 71, of the Revised Code.

The plaintiff contends that this section must be construed, and that, by ■ construction, it must follow that, in computing the tax due from the defendant, only the tax calculated upon the aggregate of the authorized capital stock of the three Delaware constituent companies is to be deducted from the tax calculated upon the authorized capital stock of the defendant, the surviving corporation. Its argument is that the history…