Case Name: DIAMOND NATIONAL CORP. et al. v. STATE BOARD OF EQUALIZATION
Court: Supreme Court of the United States
Jurisdiction: United States
Decision Date: 1976-04-19
Citations: 425 U.S. 268
Docket Number: No. 75-1038
Parties: DIAMOND NATIONAL CORP. et al. v. STATE BOARD OF EQUALIZATION
Judges: with whom Mr. Justice Rehnquist joins,
Reporter: United States Reports
Volume: 425
Pages: 268–272

Head Matter:
DIAMOND NATIONAL CORP. et al. v. STATE BOARD OF EQUALIZATION
No. 75-1038.
Decided April 19, 1976

Opinion:
Per Curiam.
The judgment is reversed. We are not bound by the California court's contrary conclusion and hold that the incidence of the state and local sales taxes falls upon the national bank as purchaser and not upon the vendors. The national bank is therefore exempt from the taxes under former 12 U. S. C. § 548 (1964 ed.), which was in effect at the time here pertinent. First Agricultural Nat. Bank v. Tax Comm'n, 392 U. S. 339, 346-348 (1968).
Reversed.