Legal Opinion
Hercules Inc. v. Comptroller of the Treasury
Court of Appeals of Maryland
Decided September 1, 1998No. 122, Sept. Term, 1997PublishedCited by 14 opinions
1Opinion of the Court
RODOWSKY, Judge.
The question in this case is whether the Due Process Clause of the Constitution of the United States permits Maryland to tax a portion of a capital gain that the petitioner, Hercules Incorporated (Hercules), realized in 1987 on the sale of its 37.5% stock interest in HIMONT Incorporated (HIMONT), a corporation created in 1983 when Hercules restructured part of its business. The Maryland Tax Court, the Circuit Court for Baltimore City, and the Court of Special Appeals in Hercules, Inc. v. Comptroller of the Treasury, 117 Md.App. 29, 699 A.2d 461 (1997), all answered the…
2Cases cited13 opinions
- Corn Products Refining Co. v. CommissionerSupreme Court of the United States · 1956
- Container Corp. of America v. Franchise Tax BoardSupreme Court of the United States · 1983
- Mobil Oil Corp. v. Commissioner of Taxes of Vt.Supreme Court of the United States · 1980
- Exxon Corp. v. Department of Revenue of Wis.Supreme Court of the United States · 1980
- Allied-Signal, Inc. Ex Rel. Bendix Corp. v. Director, Division of TaxationSupreme Court of the United States · 1992
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3Cited by14 opinions
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- Comptroller of the Treasury v. SYL, Inc.Court of Appeals of Maryland · 2003
- Read v. Supervisor of AssessmentsCourt of Appeals of Maryland · 1999
- Classics Chicago, Inc. v. Comptroller of TreasuryCourt of Special Appeals of Maryland · 2010
9 more not listed; retrieve them via the Exa API.