Commonwealth v. Hardes Lumber Corp.

Neely, P. J.,

Defendant has appealed from the decision of the Board of Finance and Revenue with respect to its capital stock tax for the fiscal year ending June 30,1959. Defendant’s business consists of cutting timber, transporting it to its sawmill where it is cut into boards of varying lengths, then stored, dried and sold to manufacturers. In its capital stock tax report defendant claimed the manufacturer’s exemption under the Capital Stock Tax Act of June 1, 1889, P. L. 420, sec. 21, as amended, 72 PS §1871, and by the use of an apportionment formula submitted in its report a taxable value…