McNEIL TAX ASSESSMENT CASE


435 Pa. 553 (1969)

McNeil Tax Assessment Case.

Supreme Court of Pennsylvania.

October 9, 1969.


Attorney(s) appearing for the Case

Anthony J. Giangiulio, Solicitor, for board, with him Roger B. Reynolds, Solicitor, for county, appellants.

Levy Anderson, First Deputy City Solicitor, with him Nicholas M. D'Alessandro, Assistant City Solicitor, and Edward G. Bauer, Jr., City Solicitor, for intervenor.

Before BELL, C.J., COHEN, EAGEN, O'BRIEN, ROBERTS and POMEROY, JJ.


OPINION BY MR. JUSTICE O'BRIEN, October 9, 1969:

Robert J. McNeil and Henry S. McNeil, on December 31, 1964, owned respectively 145,910 shares and 189,799 shares of the common stock of Johnson & Johnson, Inc. Pursuant to the provisions of the Montgomery County personal property tax, they filed returns, listing their shares of Johnson & Johnson. Each valued his shares at 70% of the closing price of the stock on December 31, 1964. The Board of Assessment and...

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