45. Act of September 8, 1916 (39 Stat. 757, sec. 2(a) in part).
Provision of the income-tax law of 1916, that a "stock dividend shall be considered income, to the amount of its cash value," held invalid (in spite of the Sixteenth Amendment) as an attempt to tax something not actually income, without regard to apportionment under article I, section 2, clause 3.
Eisner v. Macomber, 252 U.S. 189 (March 8, 1920).
46. Act of October 3, 1917 (40 Stat. 302, secs. 4, 303, secs. 201 and 333, sec. 1206 (amending 39 Stat. 765, sec. 10)); and
Act of February 24, 1919 (40 Stat. 1075, secs. 230 and 1088, sec. 301).
Income and excess-profits taxes on income of "every corporation," as applied to income of an oil corporation from leases of land granted by the United States to a State, for the support of common schools, etc., held an interference with State governmental functions. (See [Tenth Amendment].)
Burnet v. Coronado Oil & Gas Co., 285 U.S. 393 (April 11, 1932).
47. Same (40 Stat. 316, sec. 600 (f)).
The tax "upon all tennis rackets, golf clubs, baseball bats * * * balls of all kinds, including baseballs * * * sold by the manufacturer, producer, or importer * * *" as applied to articles sold by a manufacturer to a commission merchant for exportation, held a tax on exports within the prohibition of article I, section 9.
Spalding & Bros. v. Edwards, 262 U.S. 66 (April 23, 1923).