Tradesmens National Bank of Oklahoma City v. Oklahoma Tax Commission

This is an appeal under § 237 of the Judicial Code from a judgment of the Supreme Court of Oklahoma, denying recovery of taxes alleged to have been exacted from appellant, a national banking corporation, in violation of the provisions of R. S. 5219 and the Constitution of the United States.

Section 16 of the Oklahoma Income Tax Law of 1935, S. L. 1935, c. 66, art. 6, 1 lays a tax upon every national banking association located or doing business within the state “according to, or measured by, its net income” at the rate of six per centum. Section 17 provides for a similar tax upon state banks…