Case Name: First State Bank of Weimar, Petitioner, v. Commissioner of Internal Revenue, Respondent
Court: United States Board of Tax Appeals
Jurisdiction: United States
Decision Date: 1928-01-30
Citations: 10 B.T.A. 396
Docket Number: Docket Nos. 12657, 16011
Parties: First State Bank of Weimar, Petitioner, v. Commissioner of Internal Revenue, Respondent.
Judges: 
Reporter: Reports of the United States Board of Tax Appeals
Volume: 10
Pages: 396–397

Head Matter:
First State Bank of Weimar, Petitioner, v. Commissioner of Internal Revenue, Respondent.
Docket Nos. 12657, 16011.
Promulgated January 30, 1928.
Oharles F. Byers, Esq., for the petitioner.
Harold Allen, Esq., for the respondent.
Glande Pollard, Esq., Attorney General, Oharles W. Trueheart, Esq., Assistant Attorney General, and R. B. Óousins, Jr., Esq., Assistant Attorney General, of the State of Texas, as amici curiae.

Opinion:
OPINION.
Love :
The petitioner's contention in respect of the issue presented in these proceedings has been considered and sustained by the Board in First State Bank of Brackettville, 9 B. T. A. 975. The amounts paid into the Fund during the year in question as a result of either or both annual and/or special assessments are properly deductible from gross income for the year in which paid.
Judgment will be entered on 15 days' notice, under Bule 50.