Arthurs v. PITTSBURGH

Opinion by

Woodside, J.,

This is an appeal from an order of the Court of Common Pleas of Allegheny County sitting in equity which enjoined and restrained the City of Pittsburgh and its treasurer from imposing and collecting an earned income tax on the net profits of plaintiffs’ busi ness attributed to the sale and purchase of Pennsylvania municipal authority bonds.

Section 15 of the Municipality Authorities Act of May 2, 1945, P. L. 382, 53 PS §318 provides as follows:

“Exemption from Taxation.

“The effectuation of the authorized purposes of Authorities created under this act shall and will be in…