Indian Head National Bank v. City of Portsmouth

Petition for declaratory judgment and injunctive relief whereby the plaintiff seeks to have the taxation of its building and leasehold interest in land at Pease Air Force Base declared illegal and unconstitutional. The case was submitted to the court on an agreed statement of facts and was reserved and transferred without ruling by Goode, J.

The sole question before us is whether a municipality may tax land, and a building built thereon, to a private party leasing from an instrumentality of the federal government.

Briefly, the facts are as follows: Plaintiff entered into a lease agreement with…