Legal Opinion
Tom M. Drew and Justa Drew v. United States
Court of Appeals for the Fifth Circuit
Decided April 25, 1977No. 75-2769PublishedCited by 12 opinions
1Opinion of the Court
AINSWORTH, Circuit Judge:
This is a suit for refund of federal income taxes in the sum of $2,189.66 paid by appellants Tom M. Drew and Justa Drew for the taxable years 1968, 1969 and 1970. In each of these years taxpayers excluded from their taxable income interest which had been paid on warrants from the Trinity River Authority [TRA], a governmental authority of the State of Texas. The basis of taxpayers’ exclusion was Section 103(a) of the Internal Revenue Code of 1954, the relevant portion of which provides that
“Gross income does not include interest on — (1) the obligations of a State, a…
2Cases cited9 opinions
- Helvering v. Stockholms Enskilda BankSupreme Court of the United States · 1934
- Heiner v. Colonial Trust Co.Supreme Court of the United States · 1927
- American National Bank of Austin v. United StatesCourt of Appeals for the Fifth Circuit · 1970
- United States Trust Co. of New York v. AndersonCourt of Appeals for the Second Circuit · 1933
- American Viscose Corporation v. Com'r of Int. Rev.Court of Appeals for the Third Circuit · 1932
4 more not listed; retrieve them via the Exa API.
3Cited by12 opinions
- Spencer D. Stewart, Et Ux. v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1983
- Spencer D. And Mary Jane Stewart v. United StatesCourt of Appeals for the Ninth Circuit · 1984
- City of Tucson, Arizona v. Commissioner of Internal RevenueCourt of Appeals for the D.C. Circuit · 1987
- King v. CommissionerUnited States Tax Court · 1981
- DeNaples v. Commissioner of Internal RevenueCourt of Appeals for the Third Circuit · 2012
7 more not listed; retrieve them via the Exa API.