Estate of Henry Scheutz, Jr., Dec'd.

Opinion by

Keller, J.,

The question raised by this appeal is whether the County of Allegheny is entitled to collect a four mill tax on interest bearing deposits in incorporated banks for the years 1928, 1929, 1930, 1931 and 1932. The court below held that it was.

Prior to the Act of June 17, 1913, P. L. 507, for many years, the tax imposed on money at interest was a State tax. It was collected in two ways: (1) With respect to the tax on moneys borrowed and owing by domestic corporations, and foreign corporations doing business in this Commonwealth, the corporation, through its treasurer, made an…