Allfirst Bank v. Commonwealth

OPINION BY Judge

McGINLEY.

This is an appeal by Alfirst Bank (Mi-first) from the Orders of the Board of *671Finance and Revenue (Board) that refused Allfirst’s Petitions for Review, in which Ailfirst alleged it was not subject to the Bank and Trust Company Shares Tax (“Bank Shares Tax”), imposed by Section 701 of the Tax Reform Code of 1971, Act of March 4, 1971, as amended, 72 P.S. § 7701, for the tax periods January 1, 1999, and January 1, 2000.

The parties entered into a stipulation of facts (Stipulation) in accordance with Rule 1571(f) of the Pennsylvania Rules of Appellate Procedure.1 The…