Commonwealth v. Union Trust Co.
Supreme Court of Pennsylvania
Appeal, No. 22, May T., 1912,. by plaintiff, from judgment of C. P. Dauphin County, Commonwealth Docket, 1910, No. 172, for defendant on case stated in case of Commonwealth of Pennsylvania v. Union Trust Company of Pittsburgh. Appeal from settlement of an account by the Auditor General and State Treasurer for taxation of the capital stock of a trust company.
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Appeal, No. 22, May T., 1912,. by plaintiff, from judgment of C. P. Dauphin County, Commonwealth Docket, 1910, No. 172, for defendant on case stated in case of Commonwealth of Pennsylvania v. Union Trust Company of Pittsburgh. Appeal from settlement of an account by the Auditor General and State Treasurer for taxation of the capital stock of a trust company. Before McCaeeell, J. The opinion of the Supreme Court states the case.' Error assigned, among others, was the judgment of' the court.
1Opinion of the Court
Opinion by
Mr. Justice Elkin,
The question involved in this case relates to the taxation of the shares of stock of a trust company under the Act of June 13, 1907, P. L. 640. This act was intended to put trust companies upon practically the same basis as banking institutions for the purpose of taxation. Bank stocks are taxed under the Act of July 15,1897, P. L. 292, and the method of ascertaining *355and fixing the value of shares by this act was adopted by the legislature in the Act of 1907 as applied to title insurance and trust companies. The Act of 1907 provides that “the value of each share of…
2Cases cited1 opinion
- Commonwealth v. Mortgage Trust Co.Supreme Court of Pennsylvania · 1909
3Cited by13 opinions
- Schuylkill Trust Co. v. PennsylvaniaSupreme Court of the United States · 1935
- Schuylkill Trust Co. v. PennsylvaniaSupreme Court of the United States · 1938
- Commonwealth v. Provident Trust Co.Supreme Court of Pennsylvania · 1926
- Commonwealth v. Butler County National BankSupreme Court of Pennsylvania · 1954
- Com. v. BUTLER COUNTY NAT. BK.Supreme Court of Pennsylvania · 1954
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