Us Supreme Court Court April 1913 Judgments

Mccoach Vs. Minehill and Schuylkill Haven R. Co.

Court: US Supreme Court

McCoach v. Minehill & Schuylkill Haven R. Co. - 228 U.S. 295 (1913) U.S. Supreme Court McCoach v. Minehill & Schuylkill Haven R. Co., 228 U.S. 295 (1913) McCoach v. Minehill & Schuylkill Haven Railroad Company No. 670 Argued January 14, 15, 1913 Decided April 7, 1913 228 U.S. 295 CERTIORARI TO THE CIRCUIT COURT OF APPEALS FOR THE THIRD CIRCUIT Syllabus The corporation tax is imposed upon the doing of corporate business and with respect to the carrying on thereof, and not upon the franchises or property of the corporation irrespective of their use in business. Flint v. Stone Tracy Co., 220 U. S. 107 , 220 U. S. 145 . A railway corporation which has leased its railroad to another company operating it exclusively, but which maintains its corporate existence and collects and distributes to its stockholders the rental from the lessee and also dividends from investments, is not doing business within the meaning of the Corporation Tax Act. Park Realty Company case sub Flint...