Atlantic Coast Line Railroad v. Maxwell

The contention of the plaintiff that the sum of money which the plaintiff received from the United States Government during the year 1931, for transporting- the mail during said year under the direction of the Postmaster General, was exempt from taxation as income for said year by the State of North Carolina, under the provisions of subsection 2 (e) of section 317 of chapter 427, Public Laws of North Carolina, 1931, cannot be sustained. There is no error in the judgment of the Superior Court in this action overruling this contention.

The provisions of subsection 2 (e) of section 317 of Chapter…