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Personal Loan Finance Co. v. Oklahoma Tax Com'n

Supreme Court of Oklahoma
Feb 6, 1968
437 P.2d 1022 (Okla. 1968)

Opinion

No. 41769.

February 6, 1968.

Appeal from the Oklahoma Tax Commission.

Appeal by Personal Loan Finance Co. of Tulsa from an order of the Oklahoma Tax Commission assessing additional corporate franchise taxes. Affirmed.

Leo Thompson, Oklahoma City, for plaintiff in error.

Albert D. Lynn, E.J. Armstrong, R.O. Ingle, Oklahoma City, for Oklahoma Tax Commission.


This is a companion case to Personal Loan Finance Co. of Capitol Hill v. Oklahoma Tax Commission, Okla., 437 P.2d 1015, in which we this day promulgated an opinion affirming the order of the Oklahoma Tax Commission assessing additional corporate franchise taxes. The facts, circumstances and propositions of error presented are identical in both cases, except that in the present case the plaintiff in error (taxpayer) borrowed the sum of $494,000 from its parent corporation, Personal Loan Finance Co. of Memphis, Tennessee.

We adopt our opinion and conclusion in the above case as determinative of all matters presented herein.

Affirmed.

All the Justices concur.


Summaries of

Personal Loan Finance Co. v. Oklahoma Tax Com'n

Supreme Court of Oklahoma
Feb 6, 1968
437 P.2d 1022 (Okla. 1968)
Case details for

Personal Loan Finance Co. v. Oklahoma Tax Com'n

Case Details

Full title:PERSONAL LOAN FINANCE CO. OF TULSA, A CORPORATION, PLAINTIFF IN ERROR, v…

Court:Supreme Court of Oklahoma

Date published: Feb 6, 1968

Citations

437 P.2d 1022 (Okla. 1968)
1968 OK 13

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