FIRST NATIONAL BANK OF BIRMINGHAM v. STATE

3 Div. 635.

77 So.2d 653 (1954)

FIRST NATIONAL BANK OF BIRMINGHAM v. STATE of Alabama.

Supreme Court of Alabama.

Rehearing Denied February 10, 1955.


Attorney(s) appearing for the Case

White, Bradley, Arant, All & Rose, Lee C. Bradley, Jr., Birmingham, for appellant.

Si Garrett, Atty. Gen., and H. Grady Tiller, Asst. Atty. Gen., for appellee.


CLAYTON, Justice.

This is an appeal from a final decree of the Circuit Court of Montgomery County, in equity.

The case involves one phase of the liability of the appellant, The First National Bank of Birmingham, for the tax termed the "excise tax on financial institutions" which was imposed for the taxable year 1944, based on the net income of the appellant (sometimes herein referred to as the Bank) for the year 1943. The state excise tax on financial institutions...

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