Legal Opinion
United States v. Atlas Life Insurance Co.
Supreme Court of the United States
Decided May 17, 1965No. 489PublishedCited by 57 opinions
1Opinion of the CourtJustice White
The Life Insurance Company Income Tax Act of 1959 1 which represents a comprehensive overhaul of the laws relating to the taxation of life insurance companies, places a tax upon taxable investment income and upon one-half the amount by which total gain from operations exceeds taxable investment income. 2 In arriving at taxable investment income and gain from operations, the 1959 Act, consistent with prior law in this regard, recognizes that life insurance companies are required by law to maintain policyholder reserves to meet future claims, that they normally add to these reserves a large…
2Cases cited8 opinions
- National Life Insurance v. United StatesSupreme Court of the United States · 1928
- Helvering v. Independent Life InsuranceSupreme Court of the United States · 1934
- Denman v. SlaytonSupreme Court of the United States · 1931
- Missouri Ex Rel. Missouri Insurance v. GehnerSupreme Court of the United States · 1930
- Schuylkill Trust Co. v. PennsylvaniaSupreme Court of the United States · 1935
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3Cited by57 opinions
- Bankers Life and Casualty Company v. United StatesCourt of Appeals for the Seventh Circuit · 1998
- Mutual Life Insurance v. City of Los AngelesCalifornia Supreme Court · 1990
- United States v. Consumer Life Insurance Co.Supreme Court of the United States · 1977
- Commissioner v. Standard Life & Accident InsuranceSupreme Court of the United States · 1977
- The Wisconsin Cheeseman, Inc. v. United StatesCourt of Appeals for the Seventh Circuit · 1968
52 more not listed; retrieve them via the Exa API.