Butter or spray a 10-inch or 10-12 cup tube cake pan (see Notes below) and line the bottom with parchment paper.
In a large bowl, cream 1 cup unsalted butter, softened, and add 1 ½ cups sugar gradually, beating until creamy, 3 minutes. Use an electric mixer or a stand mixer with the paddle attachment.
Add 3 eggs, one at a time, beating well after each one. Add 2 teaspoons vanilla extract and mix to combine.
Add the sifted dry ingredients: 3 cups all-purpose flour, 2 teaspoons baking powder, ½ teaspoon baking soda, and ½ teaspoon salt in 3 parts, alternating with 1 cup regular sour cream in 2 parts. This means you start and end with flour. You can sift them before or have the ingredients measured and sift them directly over the butter mixture (my choice).
Mix well but don't overbeat. The cake batter will be thick and velvety.