Davenport Bank v. Davenport Board of Equalization - 123 U.S. 83 (1887)
U.S. Supreme Court
Davenport Bank v. Davenport Board of Equalization, 123 U.S. 83 (1887)
Davenport Bank v. Davenport Board of Equalization
Submitted October 11, 1887
Decided October 31, 1887
123 U.S. 83
Section 5219, Rev.Stat., respecting the taxation of national banks, does not require perfect equality between state and national banks, but only that the system of taxation in a state shall not work a discrimination favorable to its own citizens and corporations and unfavorable to holders of shares in national banks.
If a state statute creating a system of taxation does not on its face discriminate against national banks, and there is neither evidence of a legislative intent to make such discrimination nor proof that the statute works an actual and material discrimination, there is no case for holding it to be unconstitutional.
This was a proceeding in a state court of Iowa to relieve a national bank from an alleged excessive rate of taxation. The judgment below for the defendant was affirmed by the Supreme Court of the state on appeal. This writ of error was sued out to review that judgment of affirmance. The case is stated in the opinion of the Court.