WISCONSIN GAS & ELECTRIC CO. v. UNITED STATES

Civ. A. No. 468.

46 F.Supp. 929 (1942)

WISCONSIN GAS & ELECTRIC CO. v. UNITED STATES.

District Court, E. D. Wisconsin.

September 25, 1942.


Attorney(s) appearing for the Case

James D. Shaw and Van B. Wake, both of Milwaukee, Wis., for plaintiff.

B. J. Husting, U. S. Dist. Atty., of Milwaukee, Wis., and Samuel O. Clark, Jr., Asst. Atty. Gen., and Andrew D. Sharpe and Robert R. Reynolds, Jr., Sp. Assts. to Atty. Gen., for defendant.


DUFFY, District Judge.

Plaintiff is a Wisconsin corporation. During the year 1935, as a result of declaration of dividends during that year, plaintiff paid to the State of Wisconsin the sum of $3,750 as privilege dividend taxes. In computing its federal income tax for that year, plaintiff sought to claim such payment as a deduction allowed under Sec. 23 (c) of the Revenue Act of 1934, 26 U.S.C.A. Int.Rev.Code § 23...

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