Shapero v. Department of Revenue

The judgment of the circuit court upholding the validity of the intangible tax on the shares of stock held by plaintiffs in Michigan corporations should be affirmed. There is no question but that if an ad valorem tax had been levied against such stock, it would have resulted in double taxation under the authority ofStroh v. City of Detroit, 131 Mich. 109, City of Detroit v.Kresge, 200 Mich. 668, and other cases cited by Mr. Justice CARR in the foregoing opinion.

Act No. 301, Pub. Acts 1939, as amended by Act No. 233, Pub. Acts 1941, and Act No. 165, Pub. Acts 1945 (Comp. Laws Supp. 1945, §…