People Ex Rel. Commonwealth Insurance v. Coleman
New York Court of Appeals
Appeal from order of the General Term of the Supreme Court in the first judicial department, made June 19, 1888, which reversed an order of Special Term reducing, and confirming as reduced, an assessment upon the capital stock and property of the relator, for the purposes of taxation, by the commissioners of taxes and assessments of the city of Hew York, which was brought up for review by certiorari. The material facts are stated in the opinion.
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Appeal from order of the General Term of the Supreme Court in the first judicial department, made June 19, 1888, which reversed an order of Special Term reducing, and confirming as reduced, an assessment upon the capital stock and property of the relator, for the purposes of taxation, by the commissioners of taxes and assessments of the city of Hew York, which was brought up for review by certiorari. The material facts are stated in the opinion. The method adopted by the commissioners was in accordance with the law. (Laws of 1857, chap. 456, § 3; People v. Asten, 100 N. Y. 597-602; People ex…
1Opinion of the CourtAndrews, J.
We think the question which the appellants seek to have determined, viz., whether in estimating the property of an insurance company for the purpose of taxation, any deduction is to be made on account of unearned premiums, and whether they are to be considered to any extent as debts or liabilities of the company, does not arise and cannot be decided on this record. It appears from the return of the commissioners of taxes that they fixed the valuation of the capital stock and net surplus of the relator at $321,219, according to the report of the insurance department of the state, to which they…
2Cited by3 opinions
- People Ex Rel. Cornell Steamboat Co. v. DederickNew York Court of Appeals · 1900
- People ex rel. Second Avenue Railroad v. BarkerNew York Supreme Court · 1893
- Siddall v. Painter, Pennsylvania Court of Common Pleas, Delaware County1953