Legal Opinion
W. Turner Boone v. Loren L. Chumley, Commissioner of The Tennessee Department of Revenue
Court of Appeals of Tennessee
Decided November 30, 2011No. E2010-01692-COA-R3-CVPublished
1Opinion of the Court
OPINION
CHARLES D. SUSANO, JR., J.,
delivered the opinion of the Court,
in which HERSCHEL P. FRANKS, P.J., and JOHN W. McCLARTY, J., joined.
W. Turner Boone and wife, Sally-Bruce M. Boone (“the Taxpayers”), are Tennessee residents who own stock in South Carolina corporations. In 2001, the Taxpayers paid South Carolina income tax of $43,328 based on pass-through income 1 of $623,941. The Taxpayers received dividend distributions of $204,988 on the same income. They filed a 2001 Tennessee Hall Income Tax return reporting the dividends with a resulting tax of $12,288, against which they claimed a…
2Cases cited13 opinions
- Complete Auto Transit, Inc. v. BradySupreme Court of the United States · 1977
- Oklahoma Tax Commission v. Jefferson Lines, Inc.Supreme Court of the United States · 1995
- Lawrence v. State Tax Comm'n of Miss.Supreme Court of the United States · 1932
- D. H. Holmes Co., Ltd. v. McNamaraSupreme Court of the United States · 1988
- Central Hanover Bank & Trust Co. v. KellySupreme Court of the United States · 1943
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