Bank for Savings v. Collector
Supreme Court of the United States
• The 110th section of the Internal Revenue Act of June 80,1864, enacted as follows: “ There shall be levied, collected, and paid a duty of 3*?th of one per cent, each month upon the average amount of the deposits of money subject to payment by check or draft, or represented by certificates of deposit, or otherwise, whether payable on demand or at some future day, with any person, bank, association, company, or corporation, engaged in the business of banking.....
Read the full summary
• The 110th section of the Internal Revenue Act of June 80,1864, enacted as follows: “ There shall be levied, collected, and paid a duty of 3*?th of one per cent, each month upon the average amount of the deposits of money subject to payment by check or draft, or represented by certificates of deposit, or otherwise, whether payable on demand or at some future day, with any person, bank, association, company, or corporation, engaged in the business of banking..... “ And a duty of Jjth of one per cent, each month, as aforesaid, upon the average amount of the capital of any bank, association,…
1Opinion of the CourtJustice Clifford
*
Immediate purpose of the suit in this case was to restrain the respondent, as the collector of internal revenue for the sixth collection district of the State of New York, from collecting certain internal duties or taxes assessed against the corporation complainants, by7 the commissioner of internal revenue. Charter of the complainants was granted by a special act of the legislature of the State of New York, passed on the twenty-sixth day of March, 1819, and entitled An Act to incorporate an association by the name of a Bank for Savings in the City of New York.
Statement of facts as proved or…
2Cited by31 opinions
- Ex Parte Crow DogSupreme Court of the United States · 1883
- Viterbo v. FriedlanderSupreme Court of the United States · 1887
- Knass v. Madison & Kedzie State BankIllinois Supreme Court · 1933
- Gamble v. DanielCourt of Appeals for the Eighth Circuit · 1930
- Bulakowski v. Philadelphia Saving Fund SocietySupreme Court of Pennsylvania · 1921
26 more not listed; retrieve them via the Exa API.