# Diamond National Corp. v. State Board of Equalization

> Supreme Court of the United States · May 24, 1976 · 425 U.S. 268

URL: https://www.frixlaw.com/law-library/cases/9426359

## Case

- **Full name:** DIAMOND NATIONAL CORP. Et Al. v. STATE BOARD OF EQUALIZATION
- **Court:** Supreme Court of the United States
- **Decided:** May 24, 1976
- **Citations:** 425 U.S. 268; 96 S. Ct. 1530; 47 L. Ed. 2d 780; 1976 U.S. LEXIS 45
- **Precedential status:** Published
- **Opinion:** Opinion of the court
- **Judges:** Rehnquist, Stevens
- **Cited by:** 37 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/9426359

## How later opinions describe it (automated extraction)

- concluding a bank was exempt from taxes under a federal statute that “was in effect at the time here pertinent”

## Opinion text

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.

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Source: Frix Law Library, https://www.frixlaw.com/law-library/cases/9426359. Public record. Not legal advice.