Legal Opinion
In Re the Vanderbilt University for Judicial Review of the Administrative Decision of the Tax Review Board Relating to North Carolina Income & Franchise Tax Assessments
Supreme Court of North Carolina
Decided June 10, 1960No. 450PublishedCited by 15 opinions
1Opinion of the CourtDenny, J.
If it 'be conceded that the petitioner, Vanderbilt University, is doing business in North Carolina within .the meaning of our franchise and income tax laws, it does not follow as a matter of course that the petitioner is liable to the State of North Carolina for such taxes in light of the exemptive provisions in our Revenue Act.
The determinative question on this appeal is whether or not Vanderbilt University is liable for franchise taxes pursuant to the provisions of G.S. 105-122, and income taxes pursuant to the provisions of G.S. 105-134. In this connection, we must determine whether or not…
2Cases cited11 opinions
- Watson Industries, Inc. v. ShawSupreme Court of North Carolina · 1952
- Sir Walter Lodge, No. 411 v. SwainSupreme Court of North Carolina · 1940
- Southeastern Baptist Theological Seminary, Inc. v. Wake CountySupreme Court of North Carolina · 1960
- Campbell v. CurrieSupreme Court of North Carolina · 1959
- Powell v. . Maxwell, Comr. of RevenueSupreme Court of North Carolina · 1936
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3Cited by15 opinions
- Polaroid Corp. v. OffermanSupreme Court of North Carolina · 1998
- Duke Power Company v. ClaytonSupreme Court of North Carolina · 1968
- MacPherson v. City of AshevilleSupreme Court of North Carolina · 1973
- Sale v. JohnsonSupreme Court of North Carolina · 1963
- Taylor v. City of LenoirCourt of Appeals of North Carolina · 1998
10 more not listed; retrieve them via the Exa API.