FIRST NATIONAL BANK v. BARTOW CTY. TAX ASSESSORS

No. 83-1620.

470 U.S. 583 (1985)

FIRST NATIONAL BANK OF ATLANTA, AS SUCCESSOR IN INTEREST TO FIRST NATIONAL BANK OF CARTERSVILLE, GEORGIA v. BARTOW COUNTY BOARD OF TAX ASSESSORS ET AL.

Supreme Court of United States.

Decided March 19, 1985


Attorney(s) appearing for the Case

Charles T. Zink argued the cause for appellant. With him on the briefs was L. Trammell Newton, Jr.

Alan I. Horowitz argued the cause for the United States as amicus curiae urging reversal. With him on the brief were Solicitor General Lee, Assistant Attorney General Archer, Michael L. Paup, and Ernest J. Brown.

Grace E. Evans, Assistant Attorney General of Georgia, argued the cause for appellees. With her on the brief were Michael J. Bowers, Attorney General, James P. Googe, Jr., Executive Assistant Attorney General, H. Perry Michael, First Assistant Attorney General, Verley J. Spivey, Senior Assistant Attorney General, James C. Pratt, Assistant Attorney General, and G. Carey Nelson.*

Briefs of amici curiae urging affirmance were filed for the Commonwealth of Pennsylvania by John P. Krill, Paul A. Adams, and George T. Bell; for Citizens and Southern National Bank by John L. Coalson, Jr.; for the County of Dallas, Texas, et al. by Earl Luna, Randel B. Gibbs, and Tim Kirk; for the Pennsylvania Bankers Association by John J. Brennan and P. J. DiQuinzio; and for the Virginia Bankers Association by John W. Edmonds III and Fred W. Palmore III.


JUSTICE BLACKMUN delivered the opinion of the Court.

Two Terms ago, this Court, by a 6-2 vote, ruled that Rev. Stat. § 3701, as amended, 31 U. S. C. § 742 (1976 ed.), prohibited a State from imposing on bank shares a property tax computed on the basis of the bank's net worth without deduction for tax-exempt United States obligations held by the bank. American Bank & Trust Co. v. Dallas County,...

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