Mr. Justice Brennan, dissenting. I agree with the Court that, for purposes of constitutional review, there is no distinction between a corporate income tax and a gross-receipts tax. I do not agree, however, that Iowa’s single-factor sales- apportionment formula meets the Commerce Clause requirement that a State’s taxation of interstate business must be “fairly apportioned to the commerce carried on within the ta…
Read the full opinion (source) ↗
Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Citation figures are counts of later citing opinions in our corpus and may be incomplete; always read and Shepardize the full opinion before relying on it.