People ex rel. Broadway v. Commissioners of Taxes
New York Supreme Court
Cebtiobabi to review the proceedings of the commissioners of taxes and assessments in the city and county of Hew York. The case is stated sufficiently in the opinion.
1Opinion of the CourtIngraham, P. J.
The question submitted to the general term in these cases, is whether the commissioners of taxes and assessments, in estimating the value of the capital stock of these corporations, should deduct from such valuation the amount of their indebtedness.
*636This question arises upon that provision of the Statute of 1857, chap. 456, § 1, which says: “ The capital stock of every company, liable to taxation, except such part of it as shall have been excepted in the assessment roll or as shall have been exempted by law, together with its surplus profits of reserved fund exceeding ten per cent of its…
2Cases cited3 opinions
- Bank Tax CaseSupreme Court of the United States · 1865
- Oswego Starch Factory v. . DollowayNew York Court of Appeals · 1860
- People ex rel. Bank of the Commonwealth v. Commissioners of Assessments & TaxesNew York Supreme Court · 1860
3Cited by1 opinion
- People ex rel. Panama Railroad v. Commissioners of TaxesNew York Supreme Court · 1883