FIDELITY UNION TRUST CO. v. FERGUSON


17 F.2d 660 (1927)

FIDELITY UNION TRUST CO. v. FERGUSON.

District Court, D. New Jersey.

December 3, 1927.


Attorney(s) appearing for the Case

Louis Hood, of Newark, N. J., for plaintiff.

James S. Turp, of Trenton, N. J., and R. S. H. Dier, for defendant.


BODINE, District Judge.

This is a suit to recover a tax of $2,738.66 paid May 23, 1923. The sole question is whether a tax of $45,644.03 levied by Essex county, N. J., for the year 1917, is a deductible item under the federal Corporation Tax Law (U. S. C. S. 1913, § 6301 [36 Stat. 112]). The plaintiff elected that taxes be levied as provided for by section 8 of the New Jersey Bank Stock Tax Act of 1914 (P. L. 1914, p. 141), as follows (the italics are mine):...

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