First Nat. Bank of Louisville v. Louisville

Citations

• 174 U.S. 438
• 19 S. Ct. 876
• 43 L. Ed. 1038
• 1899 U.S. LEXIS 1510

Syllabus

<p>The decision of the court below that taxes imposed upon the franchise or intangible property of a national bank may be regarded as the equivalent of a tax on the shares of stock in the names of the shareholders, and hence did not violate the act of Congress in that respect, was erroneous and is reversed.</p>