53. Income From Federal Securities Exempt From State Taxation
Description
This section is from the book "The Constitutional Law Of The United States", by Westel Woodbury Willoughby. Also available from Amazon: Constitutional Law.
53. Income From Federal Securities Exempt From State Taxation
Incomes derived from interest on federal securities, are exempt from state taxation.34 This was held with reference to the exemption from federal taxation of incomes derived from state securities, and the same reasoning would of course exclude from state taxation incomes derived from federal securities.85
Continue to:
My Books
