Lilly v. . Com'rs of Cumberland Co.
Supreme Court of North Carolina
Petition to the Board of Commissioners of Cumberland county to reform the tax lists, heard by Burton, J., at Chambers, June, 1873, in the town of Fayetteville, upon the following CASE AGREED: I. On the-day of April, 1873, the plaintiff in giving in his list of taxables to the list-takers for Cross Creek Township, in said county, was required by them to list his ¡money on hand the 1st day of April, 1873, and also his solvent credits, being debts due and owing to the…
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Petition to the Board of Commissioners of Cumberland county to reform the tax lists, heard by Burton, J., at Chambers, June, 1873, in the town of Fayetteville, upon the following CASE AGREED: I. On the-day of April, 1873, the plaintiff in giving in his list of taxables to the list-takers for Cross Creek Township, in said county, was required by them to list his ¡money on hand the 1st day of April, 1873, and also his solvent credits, being debts due and owing to the plaintiff. II. The tax lists, as made out by the list-takers for Cross Creek Township, was returned to the defendants, the Board…
1Opinion of the CourtReade, J.
The points intended to be presented in this case are:
1. As to thef power of the State to tax United States Treasury notes and National Bank bills.
2. As to the power of the State to tax solvent credits.
3. As to the liability to taxation under the present State Revenue Law of solvent credits; the consideration for which were sales of goods by a merchant whose business is taxed.
This last point though presented by the record, his Honor says was not argued before him, and he considered it as free from doubt that such credits are liable to taxation, and we agree with him.
The second point as to the…
2Cited by5 opinions
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