Dale National Bank v. Commonwealth

OPINION OF THE COURT

ROBERTS, Chief Justice.

Petitioner Dale National Bank seeks review of an order of the Board of Finance and Revenue refusing a petition for refund of bank shares tax paid for tax year 1978. In a petition for review filed in the Commonwealth Court, petitioner claimed that the bank shares tax imposed improperly reflected a tax on two classes of assets: obligations of the United States, in violation of 31 U.S.C. § 742 (now 31 U.S.C. § 3124(a)); and state and municipal obligations, in violation of the Act of August 31, 1971, P.L. 395, § 2, 72 P.S. § 4752-2 (Supp.1983). This…