Legal Opinion
U. S. Industrial Chemicals, Inc. v. Johnson
Court of Appeals for the Second Circuit
Decided April 6, 1950No. 177, Docket 21576PublishedCited by 7 opinions
1Opinion of the Court
GOODRICH, Circuit Judge.
This appeal involves the applicability of the federal stock transfer tax imposed by Section 1802(b) of the Internal Revenue Code, 26 U.S.C.A. § 1802(b), to the merger of a parent corporation into its subsidiary. The taxpayer appeals from an adverse decision of the District Court, S.D.N.Y.1949, 85 F.Supp. 639.
These are the facts: U. S. Industrial Alcohol Co., a West Virginia corporation, owned all the stock (100 shares) of U. S. Industrial'Chemicals, Inc., a Delaware corporation. On July 16, 1943, the two corporations were merged in accordance with terms previously…
2Cases cited4 opinions
- Raybestos-Manhattan, Inc. v. United StatesSupreme Court of the United States · 1935
- American Processing & Sales Co. v. CampbellCourt of Appeals for the Seventh Circuit · 1947
- Emporium Capwell Co. v. AnglimCourt of Appeals for the Ninth Circuit · 1944
- United States Industrial Chemicals, Inc. v. JohnsonDistrict Court, S.D. New York · 1949
3Cited by7 opinions
- Fidelity-Baltimore National Bank v. United StatesDistrict Court, D. Maryland · 1963
- West Shore Fuel, Inc. v. United States of America, Ruth A. Kolb v. United StatesCourt of Appeals for the Second Circuit · 1979
- National Dairy Products Corp. v. Gleeson, Pennsylvania Court of Common Pleas, Dauphin County1958
- Western Massachusetts Electric Co. v. United StatesDistrict Court, D. Massachusetts · 1951
- West Shore Fuel, Inc. v. United StatesDistrict Court, W.D. New York · 1978
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