Legal Opinion
Matson Nav. Co. v. State Bd. of Equalization of Cal.
Supreme Court of the United States
Decided March 2, 1936No. 346PublishedCited by 57 opinions
1Opinion of the CourtJustice Butler
The California Bank and Franchise Tax Act declares: Every business 'corporation, with exceptions not here material, “shall annually pay to the state, for the privilege of exercising its corporate franchises within this state, a tax according to or measured by its net income” to be computed at the rate of four per cent, upon that income for the preceding year. § 4. If all the corporation’s business is done in California, the tax shall be computed on its entire net income; if not, on that portion which is derived from business done within the State. § 10. Net income is the revenue from all…
2Cases cited20 opinions
- Shaffer v. CarterSupreme Court of the United States · 1920
- Hans Rees' Sons, Inc. v. North Carolina Ex Rel. MaxwellSupreme Court of the United States · 1931
- Underwood Typewriter Co. v. ChamberlainSupreme Court of the United States · 1920
- Galveston, Harrisburg & San Antonio Railway Co. v. TexasSupreme Court of the United States · 1908
- Philadelphia & Southern Steamship Co. v. PennsylvaniaSupreme Court of the United States · 1887
15 more not listed; retrieve them via the Exa API.
3Cited by57 opinions
- Miller Brothers Co. v. MarylandSupreme Court of the United States · 1954
- McGoldrick v. Berwind-White Coal Mining Co.Supreme Court of the United States · 1940
- J. D. Adams Manufacturing Co. v. StorenSupreme Court of the United States · 1938
- Puget Sound Stevedoring Co. v. State Tax CommissionSupreme Court of the United States · 1937
- Spector Motor Service, Inc. v. WalshCourt of Appeals for the Second Circuit · 1944
52 more not listed; retrieve them via the Exa API.