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Helvering v. Illinois Life Ins. Co., 299 U.S. 88 (1936)
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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.
Helvering v. Illinois Life Ins. Co., 299 U.S. 88 (1936)
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Helvering v. Illinois Life Ins. Co. No. 27 Argued October 16, 1936 Decided November 9, 1936 299 U.S. 88
CERTIORARI TO THE CIRCUIT COURT OF APPEALS
FOR THE SEVENTH CIRCUIT
Syllabus
1. "Reserve funds required by law," as intended by § 203(a)(2) of the Revenue Act of 1928 permitting the deduction of a percent of such funds from gross income in computing the net income of a life insurance company, are reserves which directly pertain to life insurance. Helvering v. Insurance Co., 294 U.S. 686. P. 90.
2. Such reserves do not include "survivorship investment funds," accumulated by setting aside part of the premiums paid the insurance company on 20-payment life policies, from which funds stipulated payments will be made to those of the policyholders who survive the 20-year period. Id.
80 F. 2d 280, reversed.
Certiorari, 298 U.S. 650, to review the affirmance by the court below of a decision of the Board of Tax Appeals, 30 B.T.A. 11662, which sustained a deduction made by the insurance company in its income tax return.
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Chicago: U.S. Supreme Court, "Syllabus," Helvering v. Illinois Life Ins. Co., 299 U.S. 88 (1936) in 299 U.S. 88 299 U.S. 89. Original Sources, accessed November 22, 2024, http://originalsources.com/Document.aspx?DocID=LS5GFIB9B8JW4J4.
MLA: U.S. Supreme Court. "Syllabus." Helvering v. Illinois Life Ins. Co., 299 U.S. 88 (1936), in 299 U.S. 88, page 299 U.S. 89. Original Sources. 22 Nov. 2024. http://originalsources.com/Document.aspx?DocID=LS5GFIB9B8JW4J4.
Harvard: U.S. Supreme Court, 'Syllabus' in Helvering v. Illinois Life Ins. Co., 299 U.S. 88 (1936). cited in 1936, 299 U.S. 88, pp.299 U.S. 89. Original Sources, retrieved 22 November 2024, from http://originalsources.com/Document.aspx?DocID=LS5GFIB9B8JW4J4.
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