Legal Opinion
Union Planters National Bank v. United States
District Court, W.D. Tennessee
Decided October 24, 1968No. Civ. No. 67-102PublishedCited by 5 opinions
1Opinion of the Court
*1152OPINION
ROBERT M. McRAE, Jr., District Judge.
The Plaintiff, Union Planters National Bank of Memphis, brings this suit to recover income taxes paid by it pursuant to assessments of the Commissioner of Internal Revenue for the taxable years 1961, 1962, 1963 and 1964. The controversy concerns the applicability of 26 U.S.C. § 103 which exempts from income taxes the interest on bonds of a state or any political subdivision thereof. Such bonds hereinafter will be called municipal bonds. The Bank did not report as income the interest it received on municipal bonds which were subject to repurchase…
2Cases cited7 opinions
- Nesbit v. Riverside Independent DistrictSupreme Court of the United States · 1892
- Edwards v. Bates CountySupreme Court of the United States · 1896
- American Viscose Corporation v. Com'r of Int. Rev.Court of Appeals for the Third Circuit · 1932
- Holley v. United StatesCourt of Appeals for the Sixth Circuit · 1942
- Commissioner of Internal Rev. v. BANK OF CALIFORNIA, ETC.Court of Appeals for the Ninth Circuit · 1935
2 more not listed; retrieve them via the Exa API.
3Cited by5 opinions
- Union Planters National Bank of Memphis v. United StatesCourt of Appeals for the Sixth Circuit · 1970
- American National Bank of Austin v. United StatesCourt of Appeals for the Fifth Circuit · 1970
- Gilmore v. STATE BD. OF ADMINISTRATIONDistrict Court of Appeal of Florida · 1980
- Boone v. WymanCourt of Appeals for the Second Circuit · 1969
- Boone v. WymanCourt of Appeals for the Second Circuit · 1969