Young Men's Christian Ass'n Retirement Fund, Inc. v. Commissioner
United States Board of Tax Appeals
A corporation organized and operated solely for the purpose of providing annuities for superannuated secretaries of the Y.M.C.A., which derives its funds from public contributions and from voluntary contributions by associations and employees of the Y.M.C.A., no part of the net earnings of which inures to the benefit of any private shareholder or individual, is exempt from taxation under the provisions of section 231 of the Revenue Act of 1926.
1Opinion of the Court
*145OPINION.
Lansdon:
The single question presented for determination in these proceedings is whether the petitioner is exempt from income tax under the provisions of section 231 of the Revenue Act of 1926, which provides in part as follows:
The following organizations shall be exempt from taxation under this title—
[[Image here]](2) Mutual savings banks not having a capital stock represented by shares;(3) Fraternal beneficiary societies, orders, or associations, (a) operating under tlie lodge system or for the exclusive benefit of the members of a fraternity itself operating under the lodge system;…
2Cases cited9 opinions
- Union Pac. Ry. Co. v. ArtistCourt of Appeals for the Eighth Circuit · 1894
- United States v. Cambridge Loan & Building Co.Supreme Court of the United States · 1928
- Commonwealth v. Lynchburg Young Men's Christian Ass'nSupreme Court of Virginia · 1914
- State v. Fisk UniversityTennessee Supreme Court · 1889
- In re the Transfer Tax upon the Estate of RockefellerAppellate Division of the Supreme Court of the State of New York · 1917
4 more not listed; retrieve them via the Exa API.
3Cited by6 opinions
- Harrison v. Barker Annuity FundCourt of Appeals for the Seventh Circuit · 1937
- Police Benev. Ass'n of Richmond, Va. v. United StatesDistrict Court, E.D. Virginia · 1987
- Marriner W. Merrill Family Foundation, Inc. v. State Tax CommissionUtah Supreme Court · 1955
- Rike v. CommissionerUnited States Board of Tax Appeals · 1929
- Sand Springs Ry. v. CommissionerUnited States Board of Tax Appeals · 1931
1 more not listed; retrieve them via the Exa API.