(Download) "Travellers Insurance Company v. Connecticut" by Supreme Court of the United States # Book PDF Kindle ePub Free

April 28, 2021

eBook details

Title: Travellers Insurance Company v. Connecticut
Author : Supreme Court of the United States
Release Date : January 05, 1902
Genre: Law,Books,Professional & Technical,
Pages : * pages
Size : 68 KB

Description

The single question presented for our consideration is whether this legislation of the State of Connecticut in respect to the taxation of the shares of stock in a local corporation held by non-residents is in conflict with paragraph 1 of section 2 of article IV of the Federal Constitution, or the Fourteenth Amendment thereto. It is alleged that there is such discrimination between resident and non-resident stockholders as works a denial of the equal protection of the laws, and to the prejudice of citizens of other States. The stock of the non-resident stockholder is assessed at its market value without any deduction on account of real estate held by the corporation. The stock of the resident stockholder is assessed at its market value, less the proportionate value of all real estate held by the corporation upon which it has already paid a tax. As thus stated, there would appear to be a wrongful discrimination, and that the non-resident stockholder was subjected to a larger burden of