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FIRST REPUBLIC CORPORATION OF AMERICA v. NORBERG

No. 74-186-M. P.

358 A.2d 38 (1976)

FIRST REPUBLIC CORPORATION OF AMERICA v. John H. NORBERG et al.

Supreme Court of Rhode Island.

May 26, 1976.

Attorney(s) appearing for the Case

Tobin, Decof, LeRoy & Silverstein, Charles S. Sokoloff, Richard S. Rosenstein, Providence, for petitioner.

Julius C. Michaelson, Atty. Gen., Perry Shatkin, Chief Legal Officer (Taxation), Providence, for respondents.

OPINION

PAOLINO, Justice.

This is a petition for certiorari to review a judgment of the Superior Court which affirmed the decision of the Tax Administrator.

The petitioner herein, the First Republic Corporation of America (First Republic) duly filed a Rhode Island Business Corporation tax return for the fiscal year ending June 30, 1970, showing $4,935 tax due. The tax division determined that mortgage indebtedness, notes payable and accounts payable...

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