Legal Opinion
Johnson v. Collector of Revenue
Supreme Court of Louisiana
Decided June 8, 1964No. 46769Published
1Opinion
On Rehearing
SANDERS, Justice.
We granted a rehearing in these consolidated cases to review our holding that the gain realized by the non-resident taxpayers who, in the liquidation of a corporation, received property of enhanced value located in Louisiana for the cancellation of their stock was not taxable under the Louisiana Income Tax Law. To reach this result, we held that LSA-R.S. 47:241-243 (dealing with the income of non-resident individuals) was applicable and that LSA-R.S. 47:159, subd. H (dealing with the situs of stock surrendered in the liquidation of a corporation for property in…
Also in this document: Dissent.
2Cases cited10 opinions
- United States v. LeeSupreme Court of the United States · 1882
- Wisconsin v. J. C. Penney Co.Supreme Court of the United States · 1941
- Shaffer v. CarterSupreme Court of the United States · 1920
- Curry v. McCanlessSupreme Court of the United States · 1939
- International Harvester Co. v. Wisconsin Dept. of TaxationSupreme Court of the United States · 1944
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