People v. National Bank of D. O. Mills & Co.

Citations

• 123 Cal. 53
• 55 P. 685
• 1898 Cal. LEXIS 983

Syllabus

<p>Taxation—Verified List—Power of Assessor.—Where a taxpayer returns to the assessor a verified list of his property, although he cannot be subjected to an additional assessment which shall not he revisable by the board of equalization, yet the assessor has power, notwithstanding such verified list, to assess other taxable property belonging to the same owner.</p> <p>Id.—Personal Assets of National Bank—Exemption from State Taxation.—The personal assets of a national bank, as distinguished from the shares of stock held by its shareholders, are exempt from state taxation. National hanks and their property are withdrawn from the domain of state taxation, except so far as Congress has expressly consented that they may be taxed, in section 5219 of the Revised Statutes.</p> <p>Id.—General and Special Deposits.—The general and special deposits in a national hank are assessable to the depositors and not to the bank.</p>