Van Cott v. State Tax Commission

FOLLAND, Chief Justice.

The question for determination is whether or not the plaintiff’s salary as Agency counsel for the Salt Lake Agency pf the Reconstruction Finance Corporation, hereafter called the RFC, and his salary as counsel for the Regional Agricultural Credit Corporation of Salt Lake City, hereafter called the RACC, are either of them or both taxable income for the purpose of the state income tax law. The answer will depend on the character of these corporations, as to whether they exercise essential governmental functions or not. In submitting his report of taxable income for 1935,…