YURISTA v. COMMISSIONER OF REVENUE

No. C2-89-2201.

460 N.W.2d 24 (1990)

Harry YURISTA, Respondent, v. COMMISSIONER OF REVENUE, Relator.

Supreme Court of Minnesota.

August 31, 1990.


Attorney(s) appearing for the Case

Hubert H. Humphrey, III, Atty. Gen., Thomas Overton, Sp. Asst. Atty. Gen., Tax Litigation Div., St. Paul, for relator.

Robert L. Miller, Christopher J. Chaput, Minneapolis, for respondent.

Considered and decided by the court en banc.


COYNE, Justice.

Certiorari on the relation of the Commissioner of Revenue to review a decision of the tax court exempting from state income taxation that portion of mutual fund dividends directly attributable to United States Treasury notes and bonds. See 31 U.S.C. § 3124(a) (1982) and Minn.Stat. § 290.01, subd. 19b(1) (1988). We affirm.

Taxpayer Harry Yurista is a shareholder of two mutual funds: Investment Portfolio's "Government Plus Portfolio...

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