American Security & Trust Co. v. District of Columbia
District of Columbia Court of Appeals
Hearing on an appeal by tbe plaintiff from a judgment of tbe Supreme Court of tbe District of Columbia, rendered upon au agreed statement of facts, in an action to recover money alleged to have been paid for taxes under protest.
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Hearing on an appeal by tbe plaintiff from a judgment of tbe Supreme Court of tbe District of Columbia, rendered upon au agreed statement of facts, in an action to recover money alleged to have been paid for taxes under protest. Tbe Court in tbe opinion stated tbe facts as follows: This is an action to recover money alleged to bave been unlawfully exacted by the District of Columbia as taxes due under the act of Congress approved July 1, 1902. The case was submitted to tbe trial court upon an agreed statement of facts, from which it appears that the payment was made under compulsion and…
1Opinion of the CourtChief Justice Shepard
We cannot agree with the contention on behalf of the appellant, that the right to exact taxes upon its gross receipts was fixed, as to basis of imposition, rate, and annual period, under the former law so as to remain unaffected by the act of July 1, 1902. The act of July 1, 1902, worked a radical change in the , scheme of taxation of trust companies in two respects. It not only increased the rate from iy2 to 6 per cent of gross earnings, but changed the tax year from the calendar to the fiscal year. It took effect from its approval on - the first day of the new fiscal year, and expressly…
2Cited by4 opinions
- Columbia National Bank of Washington v. District of ColumbiaCourt of Appeals for the D.C. Circuit · 1952
- D. C. Transit System, Inc. v. PearsonDistrict Court, District of Columbia · 1957
- Columbia National Bank of Washington v. District of ColumbiaCourt of Appeals for the D.C. Circuit · 1952
- Columbia National Bank of Washington v. District of ColumbiaCourt of Appeals for the D.C. Circuit · 1952