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On May 19, 2008, the Supreme Court decided Kentucky Department of Revenue v. Davis. The Court held that a State may tax interest income from bonds issued by other state and local governments while exempting interest income from in-state bonds without violating the Commerce Clause. Professor Brannon Denning of the Cumberland School of Law, Samford University discusses the case.
Oral Argument - November 5, 2007:
Decision - May 19, 2008: