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Series

Business Organizations Law

Notre Dame Law School

1941

Articles 1 - 1 of 1

Full-Text Articles in Law

Federal Income Tax In Relation To Consumer Cooperatives, Joseph O'Meara Jan 1941

Federal Income Tax In Relation To Consumer Cooperatives, Joseph O'Meara

Journal Articles

The taxation of consumer cooperative associations has proceeded on an erroneous assumption deriving from Eisner v. Macomber. Contrary to that assumption, so long as these non-profit, mutual-benefit undertakings confine themselves to their proper functions they have no income under the Sixteenth Amendment and cannot validly be required to pay an income tax.