Wisconsin Coosa Co. v. State

ANDERSON, Chief Justice.

The sole question involved in this appeal is whether or not the appellant foreign corporation is liable for a franchise tax for the year 1935 under Gen.Acts 1927, p. 176, § 54, providing a franchise tax upon all foreign corporations doing business in this state based upon the amount of capital employed pursuant to section 232 of the Constitution of 1901.

It is to be conceded that the mere ownership of property by a foreign corporation or the mere leasing of same as an incident to the doing of business is not in and of itself such an act as to render it liable for a…