Case: DIAMOND NATIONAL CORP. et al. v. STATE BOARD OF EQUALIZATION
Abbreviation: Diamond National Corp. v. State Board of Equalization
Decision Date: 1976-04-19
Docket Number: No. 75-1038
Citation: 425 U.S. 268
Volume: 425
Reporter: United States Reports
Court: Supreme Court of the United States
Jurisdiction: United States
Parties: DIAMOND NATIONAL CORP. et al. v. STATE BOARD OF EQUALIZATION
Judges: with whom Mr. Justice Rehnquist joins,
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.