US SUPREME COURT DECISIONS
UNITED STATES V. MARYLAND SAVINGS-SHARE INS. CORP., 400 U. S. 4 (1970)
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United States v. Maryland Savings-Share Ins. Corp., 400 U.S. 4 (1970)
United States v. Maryland Savings-Share Ins. Corp.
No. 160
Decided October 19, 1970
400 U.S. 4
Syllabus
Section 501(c)(14)(b) of the Internal Revenue Code of 1954, which limits income tax exemption for nonprofit mutual insurers to those organized before September 1, 1957, is not an arbitrary classification violative of due process requirements, Congress having had a rational basis for concluding that an extension of the cut-off date could adversely affect federal programs.
308 F.Supp. 761, reversed.
