| United States. Supreme Court, John Chandler Bancroft Davis, Henry Putzel, Henry C. Lind, Frank D. Wagner - Courts - 1931 - 1004 pages
...authority, and a tax upon the amounts payable by the terms of the contract has therefore been regarded as bearing directly upon the exercise of the borrowing power of the government. In Weston v. Charleston, 2 Pet. 449, 468, 469, where the tax, laid under an ordinance of the city council... | |
| United States. Supreme Court - Courts - 1931 - 1000 pages
...authority, and a tax upon the amounts payable by the terms of the contract has therefore been regarded as bearing directly upon the exercise of the borrowing power of the government. In Weston v. Charleston, 2 Pet. 449, 468, 469, where the tax, laid under an ordinance of the city council... | |
| United States. Congress. Senate. Committee on the Judiciary - Income tax - 1937 - 92 pages
...authority, and a tax upon the amounts payable by the terms of the contract has, therefore, been regarded as bearing directly upon the exercise of the borrowing power of the Government. In Weston v. Charleston (2 Pet. 449, 468, 469), where the tax, laid under an ordinance of the city... | |
| United States. Congress. Senate. Committee on the Judiciary - 1937 - 86 pages
...authority, and a tax upon the amounts payable by the terms of the contract has, therefore, been regarded as bearing directly upon the exercise of the borrowing power of the Government. In Weston v. Charleston (2 Pet. 449, 468, 469) , where the tax, laid under an ordinance of the city... | |
| United States. Department of Justice - Constitutional amendments - 1938 - 246 pages
...March 7, 1938. "* "While a tax on the interest payable on state and municipal bonds has been held to be invalid as a tax bearing directly upon the exercise...Pollock v. Farmers Loan & Trust Co., 157 US 429, 586), the sale of the bonds by their owners after they have been issued by the State or municipality is regarded... | |
| United States. Congress. House. Committee on Ways and Means - Securities - 1939 - 500 pages
...Justice repeated that a tax upon "The interest payable on State and municipal bonds has been held to be invalid as a tax bearing directly upon the exercise of the borrowing power of the Government," citing Pollock v. Farmers' Loan & Trust Company. And finally in Helvering v. Gerhardt (304 US 405 (1938)),... | |
| United States. Congress. House. Committee on Ways and Means - 1939 - 500 pages
...Justice repeated that a tax upon "The interest payable on State and municipal bonds has been held to be invalid as a tax bearing directly upon the exercise of the borrowing power of the Government," citing Pollock v. Farmers' Loan & Trust Company. And finally in Helvering v. Gerhardt (304 US 405 (1938)),... | |
| United States. Congress. House. Committee on Ways and Means - Income tax - 1959 - 816 pages
...Court said: • * * a tax on the interest payable on State and municipal bonds has been held to be invalid as a tax bearing directly upon the exercise of the borrowing power of the Government * * * • 304 US 405, 417, 421 (1938). •302 US 08. 107 (1937). "302 US 134, 152-153 (1937). » 300... | |
| |