Legal Opinion
Chickasha Federal Savings & Loan Ass'n v. Oklahoma Tax Commission
Supreme Court of Oklahoma
Decided May 14, 1974No. 46050PublishedCited by 3 opinions
1Opinion of the Court
BERRY, Justice.
Appellees are federal savings and loan associations and an Oklahoma savings and loan association which is insured by the Federal Savings and Loan Insurance Corporation. In computing their Oklahoma taxable income for the fiscal year ending June 30, 1971, appellees included amounts paid to holders of “savings deposits” and “savings” or “share accounts” for use of deposited funds. They paid taxes on these amounts under protest. They then brought this action to recover the taxes paid under protest. The trial court entered judgment for appellees and the Tax Commission appeals.
The…
2Cases cited7 opinions
- Magnolia Pipe Line Co. v. Oklahoma Tax CommissionSupreme Court of Oklahoma · 1946
- Palmer Oil Corp. v. Phillips Petroleum Co.Supreme Court of Oklahoma · 1951
- Palmer Oil Corp. v. Amerada Petroleum Corp.Supreme Court of the United States · 1952
- Olson v. Oklahoma Tax CommissionSupreme Court of Oklahoma · 1947
- Stone v. HodgesSupreme Court of Oklahoma · 1967
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3Cited by3 opinions
- Estate of LeDonne v. StearmanSupreme Court of Oklahoma · 1986
- Continental Federal Savings & Loan Ass'n v. Oklahoma Tax CommissionCourt of Civil Appeals of Oklahoma · 1979
- In re the Protest of Vernon Savings & Loan Ass'nSupreme Court of Oklahoma · 1978