Legal Opinion
Steele County Building & Loan Ass'n v. Commissioner of Taxation
Supreme Court of Minnesota
Decided July 6, 1962No. 38,363, 38,364, 38,365PublishedCited by 3 opinions
1Opinion of the Court
Otis, Justice.
These matters are before the court on writs of certiorari issued on January 16, 1961, consolidating for review decisions of the Board of Tax Appeals dated December 29, 1960, which sustained orders of the Commissioner of Taxation entered in September 1958.
The only issues for determination are whether the relator savings and loan associations in computing their Minnesota income taxes during various years from 1953 to 1956 were entitled to deduct an annual addition to reserves for bad debts, and, if so, whether the deductions were in reasonable amounts.
Relator Owatonna Savings and…
2Cases cited10 opinions
- Stanford v. ButlerTexas Supreme Court · 1944
- General Petroleum Corp. of Cal. v. SmithArizona Supreme Court · 1945
- City of Hartford v. Town of SuffieldSupreme Court of Connecticut · 1950
- Sevcik v. Commissioner of TaxationSupreme Court of Minnesota · 1959
- Anderson v. Commissioner of TaxationSupreme Court of Minnesota · 1958
5 more not listed; retrieve them via the Exa API.
3Cited by3 opinions
- Chapman v. Commissioner of RevenueSupreme Court of Minnesota · 2002
- Busch v. Reserve Mining Co.Court of Appeals of Minnesota · 1987
- Chapman v. Commissioner of RevenueSupreme Court of Minnesota · 2002