DISTRICT OF COLUMBIA, Appellant,
v.
The NATIONAL BANK OF WASHINGTON, Appellee.
District of Columbia Court of Appeals.https://leagle.com/images/logo.png
Argued December 9, 1980.
Decided May 12, 1981.
As Amended June 15, 1981.
Attorney(s) appearing for the Case
Richard G. Amato, Asst. Corp. Counsel, Washington, D.C., with whom Judith W. Rogers, Corp. Counsel, Richard W. Barton and James E. Lemert, Deputy Corp. Counsel, and Richard L. Aguglia, Asst. Corp. Counsel, Washington, D.C., were on the brief, for appellant. Robert E. McCally, Deputy Corp. Counsel, and Henry E. Wixon, Asst. Corp. Counsel, Washington, D.C., also entered appearances for appellant.
Jeffrey S. Holik, Washington, D.C., argued for appellee; Philip J. Mause and Lawrence A. Levey, Washington, D.C., were on the brief for appellee. John Lewis Smith, III, Washington, D.C., also entered an appearance for appellee.
Before KERN, HARRIS and PRYOR, Associate Judges.
District of Columbia Court of Appeals.
HARRIS, Associate Judge:
This appeal is an aftermath of the extensive pension fund litigation commenced over a decade ago as Blankenship v. Boyle.1 We resolve whether a portion of a payment made by appellee, The National Bank of Washington (NBW), in settlement of that action is deductible as "interest to . . . depositors" under the District of Columbia's gross earnings tax on certain financial...
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