Legal Opinion
Louisiana Credit Union League v. United States
District Court, E.D. Louisiana
Decided October 31, 1980No. Civ. A. 78-3234PublishedCited by 10 opinions
1Opinion of the Court
CHARLES SCHWARTZ, Jr., District Judge.
Section 511 of the Internal Revenue Code imposes a tax on income received by an otherwise tax-exempt organization when that income arises from the organization’s involvement in any business activity which is not substantially related to its tax-exempt purpose. I.R.C. §§ 511, 513 (cited hereinafter by section number only). The need of the organization for funds to further its cause does not qualify as such a substantial relation. § 513(a). .At issue here is the status and consequent taxability of certain income received by plaintiff Louisiana Credit Union…
2Cases cited15 opinions
- Ernst & Ernst v. HochfelderSupreme Court of the United States · 1976
- Touche Ross & Co. v. RedingtonSupreme Court of the United States · 1979
- National Muffler Dealers Assn., Inc. v. United StatesSupreme Court of the United States · 1979
- Trans Alaska Pipeline Rate CasesSupreme Court of the United States · 1978
- United States v. Campos-SerranoSupreme Court of the United States · 1971
10 more not listed; retrieve them via the Exa API.
3Cited by10 opinions
- Louisiana Credit Union League v. The United States of AmericaCourt of Appeals for the Fifth Circuit · 1982
- Professional Ins. Agents v. CommissionerUnited States Tax Court · 1982
- Carolinas Farm & Power Equipment Dealers Association, Inc. v. United StatesCourt of Appeals for the Fourth Circuit · 1983
- MIB, Inc. v. CommissionerUnited States Tax Court · 1983
- National Ass'n of Postal Supervisors v. United StatesUnited States Court of Claims · 1990
5 more not listed; retrieve them via the Exa API.