PA. BANK AND TRUST CO. v. COMMONWEALTH

No. 5 C.D. 1972.

12 Pa.Commw. 513 (1974)

The Pennsylvania Bank and Trust Company, Appellant, v. Commonwealth of Pennsylvania, Board of Finance and Revenue, Appellee.

Commonwealth Court of Pennsylvania.

March 28, 1974.


Attorney(s) appearing for the Case

Peter E. Blystone, with him Charles L. Blystone and Eckels, Blystone, Fuller, Kinnunen & Smith, for appellant.

M. David Smeltz, Deputy Attorney General, for appellee.

Argued February 5, 1974, before President Judge BOWMAN and Judges CRUMLISH, JR., KRAMER, WILKINSON, JR., MENCER, ROGERS and BLATT.


OPINION BY PRESIDENT JUDGE BOWMAN, March 28, 1974:

The Board of Finance and Revenue sustained the settlement and resettlement by the taxing authorities of The Pennsylvania Bank and Trust Company's 1970 bank shares tax. It has appealed from this decision, contending that the taxing authorities improperly included the value of national bank stock, owned by appellant, in arriving at a valuation of appellant's...

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