Allegheny v. Shoenberger
Supreme Court of Pennsylvania
Error, to the judgment of the District Court of Allegheny eotmty upon the following stated case: “It is admitted that the defendant, Shoenberger, owned and held during the whole of the year 1852, the sum of $43,000 of the capital stock of the Exchange Bank: that the Commissioners of said county, during the year 1852, assessed against said defendant, a tax of three and one-half mills on the $43,000 of stock so owned and held by said.defendant, for county purposes; the said…
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Error, to the judgment of the District Court of Allegheny eotmty upon the following stated case: “It is admitted that the defendant, Shoenberger, owned and held during the whole of the year 1852, the sum of $43,000 of the capital stock of the Exchange Bank: that the Commissioners of said county, during the year 1852, assessed against said defendant, a tax of three and one-half mills on the $43,000 of stock so owned and held by said.defendant, for county purposes; the said plaintiff claiming, and the said defendant denying, that said tax is legal, and that said defendant is liable to pay the…
1Opinion of the Court
The opinion of the court was delivered
by Lowrie, J.
— The question here is, are shares of bank stock *36subject to taxation for county purposes ? Ey the tax law of 1844, sec. 32, “ shares of stock in any bank” are made taxable for “state and county purposes,” and sec. 33, prescribes the measure of the state tax and the mode of collecting it. But all this was changed by the law of 1850, regulating banks. By sec. 21, the tax on dividends is considerably increased, and by sec. 46, a direct tax is added on the stock itself, with a proviso that the stock shall not be subject to taxation for any other…
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