United States v. Maryland Savings-Share Insurance Corporation

United States Supreme Court

400 U.S. 4

United States  v.  Maryland Savings-Share Insurance Corp.

Appeal from the United States District Court for the District of Maryland

No. 160. 

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 cutoff date could adversely affect federal programs.

308 F. Supp. 761, reversed.

PER CURIAM.

Notes