NEW YORK V. MACLAY, 288 U. S. 290 (1933)

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U.S. Supreme Court

New York v. Maclay, 288 U.S. 290 (1933)

New York v. Maclay

No. 374

Argued January 18, 19, 1933

Decided February 6, 1933

288 U.S. 290


Under R.S. § 3466, debts due by an insolvent corporation to the United States have priority over claims of a State for franchise taxes due but not liquidated, although, by the state law, such taxes are a lien in the sense that, when liquidated, they take precedence, by relation, over other intervening claims. Pp. 288 U. S. 289-294.

59 F.2d 979 affirmed.

Certiorari, 287 U.S. 590, to review the affirmance of an order granting priority to the United States in the payment of income taxes and of a claim for damages, over the claim of the New York for franchise and gross earnings taxes, in the liquidation through a receivership of the assets of an insolvent corporation. chanrobles.com-red

Page 288 U. S. 291


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