Werner Machine Co., Inc. v. Director of Taxation
350 U.S. 492 (1956)

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U.S. Supreme Court

Werner Machine Co., Inc. v. Director of Taxation, 350 U.S. 492 (1956)

Werner Machine Co., Inc. v. Director of Taxation

No. 63

Argued March 5-6, 1956

Decided March 26, 1956

350 U.S. 492

Syllabus

As applied to this New Jersey corporation, the New Jersey corporation tax here involved, measured by the corporation's "net worth," is a tax on the corporate franchise, does not discriminate against federal obligations, and is valid despite the inclusion of federal bonds in the determination of net worth. Pp. 350 U. S. 492-494.

17 N.J. 121,110 A.2d 89, affirmed.

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