bonus
Definitions from Case Law · United States Supreme Court
Definitions from Case Law
From 293 U.S. 322 - Herring v. Commissioner · 1934Most cited · 168 citing opinions
oil and gas lease
A bonus is not proceeds from the sale of property, but payment in advance for oil and gas to be extracted, and is therefore taxable income. As such it is a part of the 'gross income from the property' as the phrase is used in section 204(c)(2) to designate the base for the application of the percentage deduction.
How often courts cite the cases defining “bonus”
Court decisions citing the 2 opinions that defined “bonus” — 227 in all, by decade. Counts are citations to the defining cases as a whole, not verified uses of the term. The dip in the most recent years is a data-coverage gap, not a real trend — our corpus holds fewer opinions from the latest years.
All 2 definitions, chronological · 1872–1934
- ORIGINAL
It is not a gift or gratuity, but a sum paid for services, or upon a consideration in addition to or in excess of that which would ordinarily be given. A premium given for a loan or a charter or other privilege granted to a company; as, the bank paid a bonus for its charter; a sum paid in addition to a stated compensation.