[21924]
November 5, 2007
TO: FIXED-INCOME ADVISORY COMMITTEE No. 36-07MONEY MARKET FUNDS ADVISORY COMMITTEE No. 31-07
TAX MEMBERS No. 48-07 RE: U.S. SUPREME COURT HEARD DAVIS V. KENTUCKY ORAL ARGUMENTS
The U.S. Supreme Court heard oral arguments this morning in the appeal of Davis v. Department of Revenue. [1] See http://www.abanet.org/publiced/preview/briefs/nov07.shtml#kentucky to read merit and amicus briefs (cases are listed by date). The U.S. Supreme Court publishes transcripts of oral arguments at http://www.supremecourtus.gov/oral_arguments/argument_transcripts.html.
Lisa Robinson
Associate Counsel
endnotes
[1] The Kentucky Supreme Court declined review. See Institute Memorandum (20310) to Fixed-Income Advisory Committee No. 4-06, Money Market Funds Advisory Committee No. 2-06 and Tax Members No. 30-06, dated August 23, 2006.
To read about the Kentucky Appeals Court decision (holding that Kentucky’s tax on interest income derived from bonds issued by states other than Kentucky is facially discriminatory in violation of the Commerce Clause) see Institute Memorandum (19632) to Fixed-Income Advisory Committee No. 2-06, Money Market Funds Advisory Committee No. 1-06 and Tax Members No. 4-06, dated January 26, 2006. Go to http://opinions.kycourts.net/coa/2004-ca-001940.pdf to read the Kentucky Appeals Court case.