Iowa-Illinois Gas & Electric Co. v. Birmingham

DEWEY, District Judge.

Plaintiff is engaged in the manufacture and sale of electrical energy. To encourage prompt payment of its monthly accounts by its customers, its bills provide for the payment of an additional amount in the event the account is not paid within ten days.

This suit is to determine whether the Collector of Internal Revenue erroneously included this additional amount, when collected, upon which to levy an excise tax, as a part of the price for which the electrical energy is sold.

The facts are stipulated except for the deposition of two expert witnesses.

*442The matter came on for…