Please cite to the original publication
The recent ease of Farmers Loan and Trust Company v. Minnesotal again raises the interesting and all important question of how far a state may go under theFourteenth amendment in taxing property to which it has in one way or other some connection. The supreme court here held that the state of Minnesota could not impose an inheritance tax upon the testamentary transfer of bonds and obligations of Minnesota municipal corporations kept by the owner in New York where he had been domiciled and where his will was probated, none of such bonds and obligations having any connection with any business conducted by or on behalf of decedent in Minnesota.
Date of Authorship for this Version
Supreme Court Limits the State Power to Tax Intangibles, 9 Oregon Law Review 370 (1930)