TAXATION - EXEMPTION OF VETERANS' BENEFITS

Authors

Jacob L. Keidan, University of Michigan Law SchoolFollow

Abstract

In a statutory proceeding, the guardian of an incompetent World War veteran sought to recover taxes assessed upon bank deposits which consisted of the proceeds of federal war benefits checks. The Supreme Court of North Carolina denied these funds the protection of the exemption created by Congress on the ground that they were analogous to investments, rather than to moneys in the hands of the guardian. The United States Supreme Court adopted the latter analogy and reversed the decision. Lawrence v. Shaw, (U. S. 1937) 57 S. Ct. 443.

Recommended Citation

Jacob L. Keidan, TAXATION - EXEMPTION OF VETERANS' BENEFITS, 35 Mich. L. Rev. 1401 (1937).
Available at: https://repository.law.umich.edu/mlr/vol35/iss8/26