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Tax agreement reached on state bank taxation amendments
An American Bankers Association committee and the Association of States on Bank Taxation agree on a form of amendment to Section 5219 to preserve protective principles while allowing state or local taxation of national banks. The plan adds an extra fifth method, a specific tax, taxing shareholders on total dividends plus capital changes, without taxing the bank directly.
MENTIONED IN THIS ARTICLE
New Yorke
American Bankers Association
Association of States
Commissioners’ Committee
American Bankers Association Journal
Thomas B. Paton
Paton
U. S. Supreme Court
Supreme Court
Congress
Mr. Paton