ASARCO Inc. v. Idaho Tax Commission

ASARCO Inc. v. Idaho Tax Commission
Supreme Court of the United States
Decided June 29, 1982
Full case nameASARCO Inc. v. Idaho Tax Commission
Citations458 U.S. 307 (more)
Holding
In a state's calculation of income tax for a corporation from another state, the state cannot include income from the intangible assets of subsidiary corporations that have on connection with the state.
Court membership
Chief Justice
Warren E. Burger
Associate Justices
William J. Brennan Jr. · Byron White
Thurgood Marshall · Harry Blackmun
Lewis F. Powell Jr. · William Rehnquist
John P. Stevens · Sandra Day O'Connor
Case opinions
MajorityPowell
ConcurrenceBurger
DissentO'Connor, joined by Blackmun, Rehnquist

ASARCO Inc. v. Idaho Tax Commission, 458 U.S. 307 (1982), was a United States Supreme Court case in which the Court held that, in a state's calculation of income tax for a corporation from another state, the state cannot include income from the intangible assets of subsidiary corporations that have on connection with the state.[1][2]

See also

References

  1. ^ ASARCO Inc. v. Idaho Tax Comm'n, 458 U.S. 307 (1982)
  2. ^ Lieberman, Jethro K. (1999). "Taxation of Interstate Commerce". A Practical Companion to the Constitution. p. 503.
  • Text of ASARCO Inc. v. Idaho Tax Commission, 458 U.S. 307 (1982) is available from: Cornell Findlaw Justia
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