With Kendall Houghton
The U.S. Supreme Court announced on Monday, May 19, that it had reversed and remanded Department of Revenue of Kentucky et al. v. Davis et ux, 197 S.W.3d 557 (Ky. Ct. App. 2006) ("Davis"), holding that Kentucky’s differential tax scheme with respect to municipal bond interest does not offend the Commerce Clause. Department of Revenue of Kentucky et al. v. Davis et ux, 553 U.S. ___ (2008).