Newark Fire Insurance Co. v. State Board of Tax Appeals

The controversy in No. 449 relates to the jurisdiction of New Jersey to tax the appellant upon the full amount of its capital stock paid in and accumulated surplus. The case is here by appeal under § 23? (a) of the Judicial Code. 1

Chapter 236 of the Laws of 1918 2 is, a general act for the assessment and collection of taxes.' Section 202 subjects all real and personal property within the jurisdiction of New Jersey to taxation annually at its true value. By § 301 the tax on other than tangible personal property is assessed on each inhabitant in the taxing district of his residence on the first…