Fidelity & Columbia Trust Co. v. LouisvilleAnnotate this Case
245 U.S. 54 (1917)
U.S. Supreme Court
Fidelity & Columbia Trust Co. v. Louisville, 245 U.S. 54 (1917)
Fidelity & Columbia Trust Company v. City of Louisville
Argued October 16, 17, 1917
Decided November 5, 1917
245 U.S. 54
A person domiciled in Kentucky carried on a business in Missouri and deposited in bank in the latter state moneys derived from the business, but not used in it, and belonging absolutely to him. The resulting credits -- ordinary bank accounts not represented by certificates and subject to his order only -- were included by Kentucky authorities in assessing his taxes in that state. Held that the tax, whether considered as a tax on property or as a tax on the individual measured by property, was within the power of the state imposing it. A state court's decision does not deprive the complaining party of the equal protection of the laws merely because it departs from decisions made by the court in earlier cases.
168 Ky. 71, 171 Ky. 509, 172 Ky. 451, affirmed.
The case is stated in the opinion.
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