First National Bank v. Commonwealth

Opinion by

Judge Wilkinson, Jr.,

This is an appeal by First National Bank of Leech-burg (Taxpayer) from a determination of the Board of Finance and Revenue sustaining the Department of Revenue’s settlement of Taxpayer’s shares tax liability for the tax year as of January 1, 1970.

The parties have filed a stipulation of facts thereby dispensing with the need for a jury trial pursuant to the provisions of the Act of April 22,1874, P.L. 109, as amended, 12 P.S. §688.1 From the stipulation we make the following

Findings of Fact

1. Taxpayer was at all times relevant hereto a banking corporation…