Pontarelli v. Commissioner
United States Board of Tax Appeals
Interest on bonds issued by a city for sewer improvement and payable solely from the city treasurer's collections on installments of assessments against the benefited property, held, interest on the obligations of a political subdivision of a state and exempt from tax under section 22(b)(4), Revenue Act of 1928.
1Opinion of the Court
MICHAEL PONTARELLI, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Pontarelli v. Commissioner
Docket No. 83199.
United States Board of Tax Appeals
35 B.T.A. 872; 1937 BTA LEXIS 826;
April 14, 1937, Promulgated
Interest on bonds issued by a city for sewer improvement and payable solely from the city treasurer's collections on installments of assessments against the benefited property, held, interest on the obligations of a political subdivision of a state and exempt from tax under section 22(b)(4), Revenue Act of 1928.
George K. Bowden, Esq., for the petitioner.
O. W. Swecker, Esq., for…
2Cases cited13 opinions
- Brewster v. GageSupreme Court of the United States · 1930
- United States v. Dakota-Montana Oil Co.Supreme Court of the United States · 1933
- Brush v. CommissionerSupreme Court of the United States · 1937
- Massachusetts Mutual Life Insurance v. United StatesSupreme Court of the United States · 1933
- Rothschild v. Village of Calumet ParkIllinois Supreme Court · 1932
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