State v. Richards

The opinion of the court was delivered by

Dixon, J.

This certiorari brings up the assessment of taxes against The Trenton Saving Fund Society for the year 1888 in the city of Trenton.

The prosecutor insists that it should have been taxed only under the supplement to “An act concerning savings banks,” approved April 27th, 1888 (Pamph. L.,p. 545), by which it was enacted “ that all savings banks shall, in lieu of all other taxes, pay an annual tax on the amount of their deposits of one-half of one per centum, after deducting therefrom available funds on hand or on deposit to meet current payments…