Board of Equalization of Oklahoma Co. v. First State Bank
Supreme Court of Oklahoma
Error from District Court, Oklahoma County; Geo. W. Clark, Judge. Appeal by the board of equalization of Oklahoma county from a judgment in favor of the First State Bank of Oklahoma City correcting assessment of taxes for the year 1918 against the First State Bank.
1Opinion of the CourtOwen, C. J.
The First State Bank of Oklahoma City filed its assessment list for the purpose of taxation for the year 1918, showing a capital, surplus, and undivided profits of $67,100. It appears that $20,000 of the capital was invested in public building bonds and guaranty fund warrants and a deduction of $20,000 was allowed under the judgment of the district court.
To reverse the judgment it is urged that the assessment should have been on the value of the shares of stock, not on the capital, and no deduction allowed for the amount of the capital invested in the public building bonds and the guaranty…
2Cases cited21 opinions
- Marbury v. MadisonSupreme Court of the United States · 1803
- Tiger v. Western Investment Co.Supreme Court of the United States · 1911
- Van Allen v. AssessorsSupreme Court of the United States · 1866
- Home Insurance v. New York StateSupreme Court of the United States · 1890
- Holmes v. JennisonSupreme Court of the United States · 1840
16 more not listed; retrieve them via the Exa API.
3Cited by27 opinions
- In Re Estates of HarknessSupreme Court of Oklahoma · 1921
- City of Tulsa v. ThomasSupreme Court of Oklahoma · 1923
- Board of Com'rs of Oklahoma County v. RyanSupreme Court of Oklahoma · 1924
- Davis v. ChildersSupreme Court of Oklahoma · 1937
- Quinton Belief Oil & Gas Co. v. Corporation CommissionSupreme Court of Oklahoma · 1924
22 more not listed; retrieve them via the Exa API.