Zonne v. Minneapolis Syndicate, 220 U.S. 187 (1911)
U.S. Supreme CourtZonne v. Minneapolis Syndicate, 220 U.S. 187 (1911)
Zonne v. Minneapolis Syndicate
Argued January 19, 1911
Decided March 13, 1911
220 U.S. 187
A corporation, the sole purpose whereof is to hold title to a single parcel of real estate subject to a long lease and, for convenience of the stockholders, to receive and distribute the rentals arising from such lease and proceeds of disposition of the land, and which has disqualified itself from doing any other business, is not a corporation doing business within the meaning of the corporation tax provisions of the Act of August 5, 190, c. 6, 36 Stat. 11, 112, and is not subject to the tax.
The facts, which involve the construction of the Corporation Tax Law, are stated in the opinion.