Show STOCK DIVIDENDS ARE NOT TAXABLE TAMABLE Now Non York Jan Ian 23 3 United United States Judge Julius K IC Mayer 1 decided In a no test case today that stock dividends dl are art not subject to federal Income tax under tho the income tax la law of or Mrs Myrtle II If Macomber a stockholder stockholder stock stock- holder hoMer in the Standard OH Oil company compan of California was plaintiff and Mark Eisnor Els Eis ncr nor collector of ot Internal revenue rC here defendant in the tho action which was one of or a series in which J. J P P. lor l Morgan an Herbert L I. I. I Pratt and others challen challenge e etho tho the legality of or assessments made h by the government So In 1916 under this statute Charles E. E Hughes was counsel coun coun- sel for Cor Mrs 1 Macomber |