NAT'L GYPSUM CO. v. TREASURY DEPT.

Docket No. 64875.

128 Mich. App. 750 (1983)

341 N.W.2d 203

NATIONAL GYPSUM COMPANY v. DEPARTMENT OF TREASURY

Michigan Court of Appeals.

Decided September 14, 1983.


Attorney(s) appearing for the Case

Dickinson, Wright, Moon, Van Dusen & Freeman (by Peter S. Sheldon), for appellee.

Frank J. Kelley, Attorney General, Louis J. Caruso, Solicitor General, and Richard R. Roesch and Terry P. Gomoll, Assistants Attorney General, for appellant.

Before: R.B. BURNS, P.J., and BRONSON and R.E. ROBINSON, JJ.


PER CURIAM.

The Department of Treasury appeals as of right from an order of the State Board of Tax Appeals (BTA) cancelling the department's assessment of intangible property taxes on certain commercial paper. We find no error and affirm.

We believe that the BTA acted properly in finding that National Gypsum's commercial paper did not acquire taxable situs in Michigan merely because the income and proceeds from that paper were made available for the use of...

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