Texas & Pacific Ry. Co. v. United States - 286 U.S. 285 (1932)


U.S. Supreme Court

Texas & Pacific Ry. Co. v. United States, 286 U.S. 285 (1932)

Texas & Pacific Ry. Co. v. United States

No. 634

Argued April 14, 1932

Decided May 16, 1932

286 U.S. 285

Syllabus

The amount paid to a railroad by the Government under § 209 of the Transportation Act to make up the minimum of operating income guaranteed for the six months next following the relinquishment of federal control was neither a gift nor a subsidy, but was income taxable under the Sixteenth Amendment and the Revenue Act of 1918. Pp. 286 U. S. 288-290.

72 Ct.Cls. 629, 52 F.2d 1040, affirmed.

Certiorari, 284 U.S. 616, to review a judgment rejecting a claim for refund of money collected by the Government as income tax.

Page 286 U. S. 287



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