Provident Institution v. Massachusetts
Supreme Court of the United States
This ease, which came here on writ of error to the Supreme Court of Massachusetts, involved as a general matter the same question as the ease just preceding; to wit, the taxation by State legislatures of Federal securities held by savings bauks created by them; the difference between the two cases being that the question in the former case arose under a statute of Connecticut having one form of language, and in this case arose under -a statute of Massachusetts having another…
Read the full summary
This ease, which came here on writ of error to the Supreme Court of Massachusetts, involved as a general matter the same question as the ease just preceding; to wit, the taxation by State legislatures of Federal securities held by savings bauks created by them; the difference between the two cases being that the question in the former case arose under a statute of Connecticut having one form of language, and in this case arose under -a statute of Massachusetts having another form, more or less different. The present case was thus: A statute of Massachusetts of 1862 (entitled “ An act to levy…
1Opinion of the CourtJustice Clifford
Institutions for savings incorporated under the laws of Massachusetts, are required by law to pay to the treasurer of the commonwealth a tax on account of their depositors of three-fourths of one per cent, per annum on the amount of their deposits. Half the amount of such annual tax is to be assessed on the average amount of such deposits for the six months preceding the first day of May, and the other half on the average amount of their deposits for the six months preceding the first day of November in each year. Semi-annual returns are required to be made by the corporation, specifying the…
2Cases cited2 opinions
- Leffingwell v. WarrenSupreme Court of the United States · 1862
- James M'cutchen and Others v. James Marshall and OthersSupreme Court of the United States · 1834
3Cited by99 opinions
- Flint v. Stone Tracy Co.Supreme Court of the United States · 1911
- Pollock v. Farmers' Loan & Trust Co.Supreme Court of the United States · 1895
- Hooper v. CaliforniaSupreme Court of the United States · 1895
- Home Insurance v. New York StateSupreme Court of the United States · 1890
- Plummer v. ColerSupreme Court of the United States · 1900
94 more not listed; retrieve them via the Exa API.