Amoskeag Savings Bank v. Purdy
Supreme Court of the United States
ERROR TO THE SUPREME COURT OF THE STATE OF NEW YORK. The facts, which involve the validity of certain taxes imposed by the taxing officers of New York City upon shares of stock in national banks located in that city and which shares were owned by non-residents of New York, are stated in the opinion.
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ERROR TO THE SUPREME COURT OF THE STATE OF NEW YORK. The facts, which involve the validity of certain taxes imposed by the taxing officers of New York City upon shares of stock in national banks located in that city and which shares were owned by non-residents of New York, are stated in the opinion. No state tax can be assessed against the owners of shares in a national bank which is at a greater rate than the tax imposed upon other moneyed capital in the hands of individual citizens. Boyer v. Boyer, 113 U. S. 689; Cornell S. S. Co. v. Dietrich, 161 N. Y. 195; Covington v. First National…
1Opinion of the CourtJustice Pitney
The question presented is the validity of certain taxes imposed in the year 1908 by the taxing officers of New York City upon some shares of stock in certain national banking associations located in that city, which shares were owned by the relator, a New Hampshire corporation doing business in its home State. The taxable value of the shares was ascertained by the Commissioners of Taxes and Assessments, in accordance with the provisions of the law of the State of New York, by adding together the capital, surplus and undivided profits of each bank and dividing the amount by the number of…
2Cases cited12 opinions
- Mercantile Bank v. New YorkSupreme Court of the United States · 1887
- People v. WeaverSupreme Court of the United States · 1880
- Aberdeen Bank v. Chehalis CountySupreme Court of the United States · 1897
- Palmer v. McMahonSupreme Court of the United States · 1890
- Hills v. Exchange BankSupreme Court of the United States · 1882
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3Cited by56 opinions
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- Merchants' Nat. Bank of Richmond v. RichmondSupreme Court of the United States · 1921
- Standard Oil Co. v. BrodieSupreme Court of Arkansas · 1922
- Tradesmens National Bank of Oklahoma City v. Oklahoma Tax CommissionSupreme Court of the United States · 1940
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