Legal Opinion
Inhabitants of Trenton v. Standard Fire Insurance
Supreme Court of New Jersey
Decided February 24, 1908PublishedCited by 4 opinions
On certiorari.
1Opinion of the Court
The opinion of the court was delivered by
Swayze, J.
The state board of equalization of taxes set aside an assessment for taxation made against the Standard *80Eire Insurance Company, of Trenton, for personal property valued at $245,477.81. Its reason for this action was that the reserve of the company held for reinsurance, which amounted to more than that sum, was not taxable as a part of the capital stock and accumulated surplus.
This view is in conflict with the decision of the Court of Errors and Appeals in People's Fire Insurance Co. v. Parker, 6 Vroom 575, and as the legislature used the same…
2Cases cited1 opinion
- Kidd v. AlabamaSupreme Court of the United States · 1903
3Cited by4 opinions
- In Re Oklahoma Nat. Life Ins. Co.Supreme Court of Oklahoma · 1918
- City of Waco v. Amicable Life Ins.Texas Commission of Appeals · 1923
- Fidelity Trust Co. v. Board of Equalization of TaxesSupreme Court of New Jersey · 1908
- City of Waco v. Amicable Life Ins. Co.Court of Appeals of Texas · 1921