The Supreme Court reaffirmed an earlier ruling in holding that states could not tax instruments of the federal government.
The city of Charleston, South Carolina, sought to place a tax on the earnings from bonds issued by the U.S. government. The Supreme Court, by a 4-2 vote, ruled that this tax was unconstitutional. It reaffirmed its holding in McCulloch v. Maryland
Collector v. Day
Dobbins v. Erie County
Graves v. New York ex rel. O’Keefe
Helvering v. Davis
McCray v. United States