Legal Opinion
Security-First National Bank v. Franchise Tax Board
California Supreme Court
Decided February 23, 1961No. Docket Nos. Sac. 6952-6968, 6969-6981, 6982-6996PublishedCited by 25 opinions
1Opinion of the CourtGibson, C. J.
— Plaintiffs, national banking associations, appeal from judgments denying recovery in actions for the refund of taxes imposed under the Bank and Corporation Franchise Tax Act during the years 1933 through 1949. (Stats. 1929, ch. 13, p. 19, as amended; Deering’s Gen. Laws, 1944, Act 8488.)
From 1935 through 1949 subdivision 3 of section 4 of the act imposed a franchise tax at the flat rate of 4 per cent of net income upon every corporation except financial corporations and those exempted by the Constitution or the act. The corporations taxable under this provision (hereafter referred to as…
2Cases cited28 opinions
- Ohio Bell Telephone Co. v. Public Utilities CommissionSupreme Court of the United States · 1937
- Bi-Metallic Investment Co. v. State Board of EqualizationSupreme Court of the United States · 1915
- Northwestern States Portland Cement Co. v. MinnesotaSupreme Court of the United States · 1959
- Ohio Valley Water Co. v. Ben Avon BoroughSupreme Court of the United States · 1920
- National Life Insurance v. United StatesSupreme Court of the United States · 1928
23 more not listed; retrieve them via the Exa API.
3Cited by25 opinions
- CEEED v. California Coastal Zone Conservation CommissionCalifornia Court of Appeal · 1974
- Rivera v. Division of Industrial WelfareCalifornia Court of Appeal · 1968
- Bank of America v. State Board of EqualizationCalifornia Court of Appeal · 1962
- Anaheim Union Water Co. v. Franchise Tax BoardCalifornia Court of Appeal · 1972
- People Ex Rel. Mosk v. City of Santa BarbaraCalifornia Court of Appeal · 1961
20 more not listed; retrieve them via the Exa API.