State v. Minnesota Federal Savings & Loan Ass'n

Magney, Justice.

This appeal by defendant arises out of proceedings brought by the state under § 45 of the Minnesota income tax act (L. 1933, c. 405, as amended) for collection of income tax claimed to be owing by defendant for the year 1937 in the sum of $3,465.86. Defendant claims that the provision of the act under which the tax is sought to be collected is invalid. The court ordered judgment for the state. The appeal is from the order denying defendant’s motion for a new trial.

The Minnesota income tax act as first enacted exempted from its provisions state and federal savings and loan…