Tax exemption
Defined in 1 dictionary — Case Law
Definitions from Case Law
From 242 U.S. 100 - Seton Hall College v. Village of South Orange · 1916Most cited · 32 citing opinions
To all claims of contract exemption from taxation must be applied the well-settled rule that, as the power to tax is an exercise of the sovereign authority of the state, essential to its existence, the fact of its surrender in favor of a corporation or an individual must be shown in language which cannot be otherwise reasonably construed, and all doubts which arise as to the intent to make such contract are to be resolved in favor of the state.