Diamond National Corp. v. State Board of Equalization
425 U.S. 268, 96 S. Ct. 1530, 47 L. Ed. 2d 780, 1976 U.S. LEXIS 45
Opinions
The judgment is reversed. We are not bound by the California court’s contrary conclusion and hold that the incidence of the state and local sales taxes falls upon the national bank as purchaser and not upon the vendors. The national bank is therefore exempt from the taxes under former 12 U. S. C. § 548 (1964 ed.), which was in effect at the time here pertinent. First Agricultural Nat. Bank v. Tax Comm’n, 392 U. S. 339, 346-348 (1968).
Reversed.
Free access — add to your briefcase to read the full text and ask questions with AI
Diamond National Corp. v. State Board of Equalization, 425 U.S. 268, 96 S. Ct. 1530, 47 L. Ed. 2d 780, 1976 U.S. LEXIS 45 (1976).
425 U.S. 268 (Diamond National Corp. v. State Board of Equalization) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Related
Gross v. United States
S.D. Texas, 2022
First American Title etc. v. Cal. Dept. of Tax & Fee Admin.
California Court of Appeal, 2021
First American Title Insurance Co. v. Cal. Dept. of Tax and Fee Admin.
California Court of Appeal, 2021
McClain v. Sav-On Drugs
California Court of Appeal, 2017
Loeffler v. Target Corporation
324 P.3d 50 (California Supreme Court, 2014)
United States v. Janette Lohman
74 F.3d 863 (Eighth Circuit, 1996)
United States v. Lohman
74 F.3d 863 (Eighth Circuit, 1996)
Torres v. City of Yorba Linda
13 Cal. App. 4th 1035 (California Court of Appeal, 1993)
United States v. State of Michigan
851 F.2d 803 (Sixth Circuit, 1988)
Bailey v. Commissioner
88 T.C. No. 49 (U.S. Tax Court, 1987)
United States v. Michigan
635 F. Supp. 944 (W.D. Michigan, 1985)
United States v. State of Mich.
635 F. Supp. 944 (W.D. Michigan, 1985)
Hibernia Bank v. State Board of Equalization
166 Cal. App. 3d 393 (California Court of Appeal, 1985)
Howell v. State Board of Equalization
731 F.2d 624 (Ninth Circuit, 1984)
In Re Howell
731 F.2d 624 (Ninth Circuit, 1984)
Occidental Life Insurance v. State Board of Equalization
135 Cal. App. 3d 845 (California Court of Appeal, 1982)
United States v. California State Board of Equalization
683 F.2d 316 (Ninth Circuit, 1982)
Immunity of Veterans Administration Medical Facilities From Alabama State Utility License Tax
Office of Legal Counsel, 1982
United States v. Washington
654 F.2d 570 (Ninth Circuit, 1981)
United States v. State Of Washington
654 F.2d 570 (Ninth Circuit, 1981)