Carter v. Hill

OPINION OF THE COURT BY

BANKS, J.

(Parsons, J., dissenting.)

This is an income tax case and is before ns on agreed facts. The primary question involved is whether Helen Strong Carter, referred to as the taxpayer, was under the agreed facts required by our income tax statute to pay a tax during the taxation period of 1926 on her income derived from certain holdings owned by her but actually and physically located in the State of New York. The income upon which the Territory claims the taxpayer was legally bound to pay the statutory tax was derived as dividends on shares of stock of the Eastman…