What Davis Means for Constitutional and Statutory Interpretation
Steve R. Johnson
Florida State University - College of Law
October 28, 2011
State Tax Notes, p. 877, June 16, 2008
FSU College of Law, Public Law Research Paper
Recently the U.S. Supreme Court handed down its decision in Department of Revenue v. Davis. The Court addressed the so-called home state exemption, that is, the widespread practice of a state exempting from its income tax interest paid on bonds issued by the state itself without similarly exempting interest paid on bonds issued by other states. Resolving a conflict between state courts, a significantly divided Supreme Court held that the negative or dormant commerce clause does not prohibit home state exemptions.
Number of Pages in PDF File: 12Accepted Paper Series
Date posted: October 29, 2011
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