Petition of the Union Five Cents Savings Bank
Supreme Court of New Hampshire
Petition, for an abatement of taxes for the following reasons : (1) Because the petitioners have not received the past year, and there is no prospect that they will immediately receive, any income from a portion of their assets amounting to $48,586.57; (2)' because they have not so much surplus relatively as other savings banks. The petition was dismissed, subject to exception.
1Opinion of the CourtChase, J.
The first special provision for the taxation of money deposited in savings banks is found in the act of January 4, 1833 (Laws 1833, c. 108), which required the assessors of the several towns to assess the public taxes in part upon “ money at interest, more than the owner pays interest for, including . . . all deposits in any savings bank or institution where the whole amount of deposits exceeds one hundred dollars.” At that time only seven savings banks had been incorporated, the two oldest of which (the Portsmouth Savings Bank and the Strafford County Savings Bank) had been in existence less…
2Cases cited7 opinions
- Cogswell v. Rockingham Ten Cents Savings-BankSupreme Court of New Hampshire · 1879
- Berry v. WindhamSupreme Court of New Hampshire · 1879
- Boston, Concord & Montreal Railroad v. StateSupreme Court of New Hampshire · 1883
- Ashuelot Savings Bank v. AlbeeSupreme Court of New Hampshire · 1884
- Bartlett v. CarterSupreme Court of New Hampshire · 1879
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3Cited by6 opinions
- Smith v. New Hampshire Department of Revenue AdministrationSupreme Court of New Hampshire · 1997
- Opinion of the JusticesSupreme Court of New Hampshire · 1970
- Pittsfield v. ExeterSupreme Court of New Hampshire · 1898
- Appeal of Town of Rindge (Nh Dept. of Envt'l Svcs.)Supreme Court of New Hampshire · 2008
- Havens v. Attorney-GeneralSupreme Court of New Hampshire · 1940
1 more not listed; retrieve them via the Exa API.