Nevada Trailer Finance Co. v. State Tax Commission

WORTHEN, Justice.

This proceeding was instituted to review the decision of the State Tax Commission’s determination that plaintiff corporations were doing business in the state of Utah within the meaning of Sections 59-13-1(5) and 59-13-3 Utah Code Annotated 1953, and denying the protests filed for corporation franchise tax deficiencies for the years 1951 and 1952. The plaintiff corporations were incorporated in the states of Nevada and Idaho respectively in 1951.

The declared object and purpose of both finance companies was to purchase conditional sales contracts from the sellers of house…