Commercial Credit Co. v. Hofferbert

CHESNUT, District Judge.

This is a federal documentary stamp tax case arising under the Internal Revenue Code, 26 U.S.C.A. § 1801, reading in part as follows: “On all bonds, debentures, or certificates of indebtedness issued by any corporation, and all instruments, however termed, issued by any corporation with interest coupons or in registered form, known generally as corporate securities, on each $100 of face value or fraction thereof, 11 cents: * * *.”

The facts are stipulated. On December 30, 1947 the well-known Commercial Credit Company, a Delaware corporation having its principal…