Legal Opinion
Brown v. Franchise Tax Board
California Court of Appeal
Decided December 29, 1987No. A035598PublishedCited by 16 opinions
1Opinion of the Court
Opinion
CHANNELL, J.
Three investment companies and a class of their investors brought this action to invalidate the imposition of income tax by the Franchise Tax Board on distributions of income originating in federal securities. The trial court decreed that this income was immune from state taxation, and that the Board must refund the sums collected. On appeal, the Board contends that this ruling was incorrect and that the court erred in adopting certain procedures for resolving individual claims. We find no error, and affirm.
I. Background
Plaintiff Sandra Brown represents the class of…
2Cases cited10 opinions
- Memphis Bank & Trust Co. v. GarnerSupreme Court of the United States · 1983
- American Bank & Trust Co. v. Dallas CountySupreme Court of the United States · 1983
- Smith v. DavisSupreme Court of the United States · 1944
- Miller v. MilwaukeeSupreme Court of the United States · 1927
- Rockford Life Insurance v. Illinois Department of RevenueSupreme Court of the United States · 1987
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3Cited by16 opinions
- Farrar v. Franchise Tax BoardCalifornia Court of Appeal · 1993
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- Irvin v. Contra Costa Cnty. Employees' Ret. Ass'n, California Court of Appeal, 5th District2017
- Comptroller of the Treasury, Income Tax Division v. First United Bank & TrustCourt of Appeals of Maryland · 1990
- Yurista v. Commissioner of RevenueSupreme Court of Minnesota · 1990
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