# Richland County Bldg. & Loan Asso. v. Commissioner > United States Board of Tax Appeals · February 21, 1929 · 15 B.T.A. 537 URL: https://www.frixlaw.com/law-library/cases/4489227 ## Case - **Full name:** RICHLAND COUNTY BUILDING & LOAN ASSOCIATION, v. COMMISSIONER OF INTERNAL REVENUE - **Court:** United States Board of Tax Appeals - **Decided:** February 21, 1929 - **Citations:** 15 B.T.A. 537; 1929 BTA LEXIS 2833 - **Precedential status:** Published - **Opinion:** Opinion of the court by Phillips - **Judges:** Phillips - **Cited by:** 0 later opinions in the Frix Law Library ## Citator (automated) - No negative treatment found by the automated citator. That is not the same as a confirmation that the case is good law; read the citing cases. - Full citator and citing cases: https://www.frixlaw.com/law-library/cases/4489227 ## Opinion text *541 OPINION. Phillips : This case was heard before the decision of the Supreme Court was rendered in United States v. Cambridge Loan & Building Co., 278 U. S. 55 . The arguments advanced by counsel for the *542 resjiondent are substantially the same as were advanced on behalf of the United States in that case. We are of the opinion that upon the authority of that decision the petitioner is to be classified as a building and loan association. Since substantially all of its loans were made to members, it meets all of the requirements of section 231 of the Revenue Acts of 1921 and 1924 and is exempt from income tax. See South Euclid Savings & Loan Co., 14 B. T. A. 1079. Decision will be entered for the 'petitioner in each proceeding. --- Source: Frix Law Library, https://www.frixlaw.com/law-library/cases/4489227. Public record. Not legal advice.