In re Assessment of Taxes, Robinson

OPINION OF THE COURT BY

WILDER, J.

This is an appeal by the tax assessor of the first taxation division from a decision of the tax appeal court refusing to sustain an assessment against Cecil Brown and M. P. Robinson on their shares in the Eirst Natiohal Bank of Hawaii.

Section 5219 of the United States Revised Statutes provides that “Nothing herein shall prevent all the shares in any association from being included in the valuation of the personal property of the owner or holder of such shares, in assessing taxes imposed by authority of the state within which the association is located; but the…