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Burnet v. A. T. Jergins Trust, 288 U.S. 508 (1933)
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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.
Burnet v. A. T. Jergins Trust, 288 U.S. 508 (1933)
Burnet v. A. T. Jergins Trust No. 541 Argued February 15, 16, 1933 Decided March 13, 1933 288 U.S. 508
CERTIORARI TO THE CIRCUIT COURT OF APPEALS
FOR THE NINTH CIRCUIT
Syllabus
1. A city made an oil and gas lease to a private party, covering part of a tract owned by the city and used by it for water supply and other purposes. Under the lease, the oil and gas recovered were sold by the parties jointly and the proceeds were divided in stated proportions between them. Held that a federal tax on the receipts of the lessee was not invalid, since the subject taxed was so remote from any governmental function that the effect of the exaction on the city’s activities was inconsiderable, and its collection was consistent with, and did not trench upon, the immunity of the state as a sovereign. P. 514.
2. In determining net income under the Revenue Act of 1921, capitalized expenses for drilling and developing oil wells may not be deducted from gross income as depreciation allowance. United states v. Dakota-Montana Oil Co., ante, p. 459; Petroleum Exploration v. Burnet, ante, p. 467. P. 516.
61 F.2d 92 reversed.
Certiorari to review a judgment reversing a decision of the Board of Tax Appeals, 22 B.T.A. 551.
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Chicago: U.S. Supreme Court, "Syllabus," Burnet v. A. T. Jergins Trust, 288 U.S. 508 (1933) in 288 U.S. 508 288 U.S. 512. Original Sources, accessed November 22, 2024, http://originalsources.com/Document.aspx?DocID=UPGNBYHXIS9UZU7.
MLA: U.S. Supreme Court. "Syllabus." Burnet v. A. T. Jergins Trust, 288 U.S. 508 (1933), in 288 U.S. 508, page 288 U.S. 512. Original Sources. 22 Nov. 2024. http://originalsources.com/Document.aspx?DocID=UPGNBYHXIS9UZU7.
Harvard: U.S. Supreme Court, 'Syllabus' in Burnet v. A. T. Jergins Trust, 288 U.S. 508 (1933). cited in 1933, 288 U.S. 508, pp.288 U.S. 512. Original Sources, retrieved 22 November 2024, from http://originalsources.com/Document.aspx?DocID=UPGNBYHXIS9UZU7.
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