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State Board of Ins. v. Todd Shipyards Corp., 370 U.S. 451 (1962)
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General SummaryThis case is from a collection containing the full text of over 16,000 Supreme Court cases from 1793 to the present. The body of Supreme Court decisions are, effectively, the final interpretation of the Constitution. Only an amendment to the Constitution can permanently overturn an interpretation and this has happened only four times in American history.
State Board of Ins. v. Todd Shipyards Corp., 370 U.S. 451 (1962)
State Board of Insurance v. Todd Shipyards Corp. No. 144 Argued March 21, 1962 Decided June 25, 1962 370 U.S. 451
CERTIORARI TO THE COURT OF CIVIL APPEALS OF TEXAS,
THIRD SUPREME JUDICIAL DISTRICT
Syllabus
Respondent is incorporated and domiciled in New York, but it does business and owns real and personal property in Texas. It sued to recover taxes levied and collected by Texas on insurance covering its property in Texas. All transactions pertaining to such insurance took place outside of Texas. The insurers were domiciled in London, and were not licensed in Texas and did no business and had no office or agents in Texas. The insurance was bought and issued in New York, and the premiums thereon and claims thereunder were payable in New York.
Held: in the light of the history and provisions of the McCarran-Ferguson Act, 59 Stat. 33, the Texas tax on these wholly out-of-state transactions is invalid. Pp. 452-458.
349 S.W.2d 339 affirmed.
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Chicago: U.S. Supreme Court, "Syllabus," State Board of Ins. v. Todd Shipyards Corp., 370 U.S. 451 (1962) in 370 U.S. 451 370 U.S. 452. Original Sources, accessed November 24, 2024, http://originalsources.com/Document.aspx?DocID=5DEK4PGC366FKKS.
MLA: U.S. Supreme Court. "Syllabus." State Board of Ins. v. Todd Shipyards Corp., 370 U.S. 451 (1962), in 370 U.S. 451, page 370 U.S. 452. Original Sources. 24 Nov. 2024. http://originalsources.com/Document.aspx?DocID=5DEK4PGC366FKKS.
Harvard: U.S. Supreme Court, 'Syllabus' in State Board of Ins. v. Todd Shipyards Corp., 370 U.S. 451 (1962). cited in 1962, 370 U.S. 451, pp.370 U.S. 452. Original Sources, retrieved 24 November 2024, from http://originalsources.com/Document.aspx?DocID=5DEK4PGC366FKKS.
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