First National Bank v. Peck

Section 5328-1, General Code, provides :

“All moneys, credits, investments, deposits, and other intangible property of persons residing in this state shall be subject to taxation,” with certain exceptions. (Emphasis supplied.)

Section 5328-2, General Code, fixes the situs of property for taxation, as to which subject there is no dispute herein.

Section 5638-1, General Code, prescribes a tax rate of two mills on the dollar with respect to “deposits.”

Section 5411-1, General Code, authorizes the Tax Commissioner on or before December 5 to fix the “tax day,” i. e., the day between November 1 and…