DIRECTOR, DEPARTMENT OF COMMUNITY DEVELOPMENT

v.

GUIMONT ET AL.; AND GUIMONT ET AL. V. DIRECTOR, DEPARTMENT OF COMMUNITY DEVELOPMENT

Citator

Cited By

• Gustafson v. Alloyd Co., Inc., 513 U.S. 561 (U.S. 1995)
  …t § 12(2)’s right of action for rescission “applies to any communication which offers any security for sale . .. including the stock purchase agreement in the present case.” 993 F. 2d, at 595. We granted certio-rari to resolve this Circuit conflict, 510 U. S. 1176 (1994), and we now reverse. [*567] II The rescission claim against Gustafson is based upon § 12(2) of the 1933 Act, 48 Stat. 84, as amended, 15 U. S. C. §77i(2). In relevant part, the section provides that any person who “offers or sells a securit…
• Neb. Dep't of Revenue v. Loewenstein, 513 U.S. 123 (U.S. 1994)
  …nd two Federal [*128] Courts of Appeals have ruled that interest income derived from repos involving municipal bonds is not exempt from federal taxation under § 103(a)(1) of the Internal Revenue Code.3 We granted certiorari to resolve this conflict, 510 U. S. 1176 (1994), and we now reverse. II We begin with the text of 31 U. S. C. § 3124(a). It provides in relevant part: “[Obligations of the United States Government are exempt from taxation by a State or political subdivision of a State. The exemption app…