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United States v. Biwabik Mining Co., 247 U.S. 116 (1918)
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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.
United States v. Biwabik Mining Co., 247 U.S. 116 (1918)
United States v. Biwabik Mining Company No. 594 Argued Mach 4, 5, 6, 1918 Decided May 20, 1918 247 U.S. 116
CERTIORARI TO THE CIRCUIT COURT OF APPEALS
FOR THE SIXTH CIRCUIT
Syllabus
In computing the excise, under the Corporation Tax Act of August 5, 1909, of a mining Company operating under a lease terminable at its option in any year and which grants it the privilege of entering, and of exploring for, mining and removing ores, in return for a royalty of so much per ton removed, but which does not convey the ore in situ, that part of the value of the ore disposed of during the tax .year which represents its value as ore in place when the law took effect should not be deducted as depreciation of capital assets. Von Baumbach v. Sargent Land Co., 242 U.S. 503.
The lease here involved is not to be construed as a conveyance of the ore in place, although the latter could be measured with substantial accuracy.
242 F. 9 reversed.
The case is stated in the opinion.
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Chicago: U.S. Supreme Court, "Syllabus," United States v. Biwabik Mining Co., 247 U.S. 116 (1918) in 247 U.S. 116 247 U.S. 118. Original Sources, accessed November 24, 2024, http://originalsources.com/Document.aspx?DocID=WNQBU9EY8YCHE9E.
MLA: U.S. Supreme Court. "Syllabus." United States v. Biwabik Mining Co., 247 U.S. 116 (1918), in 247 U.S. 116, page 247 U.S. 118. Original Sources. 24 Nov. 2024. http://originalsources.com/Document.aspx?DocID=WNQBU9EY8YCHE9E.
Harvard: U.S. Supreme Court, 'Syllabus' in United States v. Biwabik Mining Co., 247 U.S. 116 (1918). cited in 1918, 247 U.S. 116, pp.247 U.S. 118. Original Sources, retrieved 24 November 2024, from http://originalsources.com/Document.aspx?DocID=WNQBU9EY8YCHE9E.
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