Mayor of Baltimore v. Gibbs

The constitutionality of a tax imposed by Baltimore City on the interest of a resident receiving income during life from intangible property held in trust in another state is contested in this case, and the facts are presented in an agreed statement. The tax has been imposed under section 8(h) of article 81 of the Code, as revised by the Act of 1929 (Code [Supp. 1929], art. 81, sec. 1 et seq.), chapter 226: “In case intangible personal property shall ho held by any non-resident of this State in trust for any resident of this State, the value of the interest therein of such resident of this…