Thompson v. Commissioner
United States Board of Tax Appeals
Ground rent received by petitioner from the mayor and city council of Baltimore, Md., the leased land being used by the city for school purposes, held not exempt from Federal income tax.
1Opinion of the Court
OPINION.
Arundell:
Petitioner contends that the ground rent received by him from the mayor and city council of Baltimore is exempt from *988taxation under section 213(b)(4)(A) of the Revenue Act of 1924, which provides as follows:(b) The term “gross income” does not include the following items, which shall be exempt from taxation under this title:
* * * * * *\*(4) Interest upon (A) the obligations of a State, Territory, or any political subdivision thereof, * * *
It is argued that the ground rent arises from an obligation of a political subdivision of a State to pay for the use of land, and that this…
2Cases cited11 opinions
- Pollock v. Farmers' Loan & Trust Co.Supreme Court of the United States · 1895
- Gillespie v. OklahomaSupreme Court of the United States · 1922
- Choctaw, Oklahoma & Gulf Railroad v. HarrisonSupreme Court of the United States · 1914
- Heiner v. Colonial Trust Co.Supreme Court of the United States · 1927
- Indian Territory Illuminating Oil Co. v. OklahomaSupreme Court of the United States · 1916
6 more not listed; retrieve them via the Exa API.
3Cited by2 opinions
- Klein v. CommissionerUnited States Board of Tax Appeals · 1932
- Thompson v. CommissionerUnited States Board of Tax Appeals · 1929