1926 United States Supreme Court case
| Bowers v. Kerbaugh-Empire Co. | |
|---|---|
 Supreme Court of the United States | |
| Argued January 25, 1926 Decided May 3, 1926 | |
| Full case name | Bowers, Collector of Internal Revenue v. Kerbaugh-Empire Company |
| Citations | 271 U.S. 170 (more)46 S. Ct. 449; 70 L. Ed. 886; 1926 U.S. LEXIS 615; 1 U.S. Tax Cas. (CCH) ¶ 174; 5 A.F.T.R. (P-H) 6014; 1926 P.H. P1865 |
| Case history | |
| Prior | Kerbaugh-Empire Co. v. Bowers, 300 F. 938 (S.D.N.Y. 1924) |
| Holding | |
| No taxable income arose from the repayment in German marks of loans that had originally been made in U.S. dollars, despite the fact that the marks had gone down in value relative to the dollar since the loan had been made. | |
| Court membership | |
| |
| Case opinions | |
| Majority | Butler, joined by Taft, Holmes, Van Devanter, McReynolds, Sutherland, Sanford, Stone |
| Concurrence | Brandeis |
| Laws applied | |
| U.S. Const. amend. XVI | |
Bowers v. Kerbaugh-Empire Co., 271 U.S. 170 (1926), was a case in which the United States Supreme Court held that no taxable income arose from the repayment in German marks of loans that had originally been made in U.S. dollars, despite the fact that the marks had gone down in value relative to the dollar since the loan had been made.
This decision was narrowed by the court six years later in United States v. Kirby Lumber Co..
See also
References
- "Bowers v. Kerbaugh-Empire Co., 271 U.S. 170 (1926)". Justia Law. Retrieved October 5, 2024.
External links
Works related to Bowers v. Kerbaugh-Empire Company at Wikisource- Text of Bowers v. Kerbaugh-Empire Co., 271 U.S. 170 (1926) is available from: CourtListener Findlaw Google Scholar Justia Library of Congress OpenJurist
 | This article related to the Supreme Court of the United States is a stub. You can help Misplaced Pages by expanding it. |
 | This tax-related article is a stub. You can help Misplaced Pages by expanding it. |