Moore v. Tax Commissioner
Massachusetts Supreme Judicial Court
^Complaint, filed in the Superior Court on March 5,1919, under St. 1916, c. 269, § 20, for the purpose of appealing from the refusal of the tax commissioner to abate an income tax of six per cent assessed upon $38,500, received' by the complainant upon the liquidation of the Jesse Moore-Hunt Company, a California corporation, the complainant then holding two hundred and twenty shares of the capital stock of that corporation of the par value of $100 each.
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^Complaint, filed in the Superior Court on March 5,1919, under St. 1916, c. 269, § 20, for the purpose of appealing from the refusal of the tax commissioner to abate an income tax of six per cent assessed upon $38,500, received' by the complainant upon the liquidation of the Jesse Moore-Hunt Company, a California corporation, the complainant then holding two hundred and twenty shares of the capital stock of that corporation of the par value of $100 each. The respondent agreed tnat only $16,500 of the sum received by the complainant was income within the provisions of St. 1916, c. 269, and…
1Opinion of the CourtPierce, J.
The complainant is an inhabitant of this Com*575monwealth, and subject to the provisions of the income tax law. More than twenty years ago she inherited from her father’s estate two hundred and twenty shares of stock of the Jesse Moore-Hunt Company, a corporation duly established under the laws of the State of California. The capital stock of this corporation was' $238,000, divided into shares of a par value of $100 per share. On January 1, 1916, the corporation had corporate assets equal to or larger than $416,000. Its excess assets over its capital stock on January 1,1916, were used and had…
2Cases cited7 opinions
- Gibbons v. MahonSupreme Court of the United States · 1890
- Minot v. PaineMassachusetts Supreme Judicial Court · 1868
- D'Ooge v. LeedsMassachusetts Supreme Judicial Court · 1900
- Rand v. HubbellMassachusetts Supreme Judicial Court · 1874
- Gifford v. ThompsonMassachusetts Supreme Judicial Court · 1874
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3Cited by10 opinions
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- Boston Safe Deposit & Trust Co. v. Commissioner of Corporations & TaxationMassachusetts Supreme Judicial Court · 1928
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