People Ex Rel. Savings Bank of New London v. Coleman
New York Court of Appeals
Appeal from order of the General Term of the Supreme Court in the first judicial department, made March 31, 1892, which affirmed an order of the Special Term dismissing a Writ of certiorari. The nature of. the proceeding and the facts, so far as material, are stated in the opinion. ■ By the laws of New York, incorporated savings banks, whether domestic or foreign, are exempt from taxation upon their personal property.
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Appeal from order of the General Term of the Supreme Court in the first judicial department, made March 31, 1892, which affirmed an order of the Special Term dismissing a Writ of certiorari. The nature of. the proceeding and the facts, so far as material, are stated in the opinion. ■ By the laws of New York, incorporated savings banks, whether domestic or foreign, are exempt from taxation upon their personal property. (M. Bank v. New York, 121 U. S. 161; People ex rel. v. Peers, 61 How. Pr. 222; Huntington v. Savings Bank, 96 U. S. 389; Laws 1819, 66; Laws 1820, 82; Laws 1821, 151; Laws 1823,…
1Opinion of the Court
Eael, Ch. J.
This is a proceeding by certiorari to review an assessment of the relator, a Connecticut corporation, on shares of stock owned by it in certain banks located in the city of Hew York. There is no dispute about the ownership by it of the stock. It claims exemption from the assessment, mainly because it is a savings bank, and also because, if allowed the proper deductions for its liabilities, nothing would remain for taxation.
It cannot claim exemption here on account of any laws of the state of Connecticut, as they have no operation here. We. will assume that it is entitled to all…
2Cases cited2 opinions
- Cunningham v. NortonSupreme Court of the United States · 1888
- Catlin v. . Trustees of Trinity CollegeNew York Court of Appeals · 1889
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- Grace v. New York State Tax CommissionNew York Court of Appeals · 1975
- MATTER OF LIBERMAN v. GallmanNew York Court of Appeals · 1977
- Young v. BragaliniNew York Court of Appeals · 1958
- Charter Development Co. v. City of BuffaloNew York Court of Appeals · 2006
- Great Lakes Dredge & Dock Co. v. Department of Taxation & FinanceNew York Court of Appeals · 1976
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