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- Title
THE IMPORTANCE OF BEING INTEREST: WHY A STATE CANNOT IMPOSE ITS INCOME TAX ON TRIBAL BONDS.
- Authors
Taylor, Scott A.
- Abstract
The article focuses on a study that examined the power of the state to impose its income tax on tribal bond interest by using the Davis case in the U.S. It discusses the incapacity of the state to impose the tax for three independent persons including the Indian Commerce Clause. It explores the state's special treatment among federally recognized Indian tribes and their tax exemption and investigates the state's application of the Indian preemption doctrine. It analyzes the violation on the Equal Protection Clause of the Fourteenth Amendment upon denial of exemption of a certain tribe within the state for tribal bond interest. The study reveals that there is political discrimination that proves no violation of the fourteenth amendment.
- Subjects
UNITED States; EXEMPTION (Law); TAX exemption; INCOME tax; FEDERALLY recognized Indian tribes; INTERSTATE commerce; TAXATION; TAX laws; TAXATION of bonds (Finance) -- Law &; legislation
- Publication
Akron Tax Journal, 2010, Vol 25, p123
- ISSN
1044-4130
- Publication type
Article