Susquehanna Power Co. v. State Tax Comm'n - 283 U.S. 297 (1931)

U.S. Supreme Court

Susquehanna Power Co. v. State Tax Comm'n , 283 U.S. 297 (1931)

Susquehanna Power Company v.

State Tax Commission of Maryland (No. 2)

No. 369

Argued March 20, 1931

Decided April 13, 1931

283 U.S. 297

Syllabus

A state tax on the capital stock of a corporation based on an assessment equal to the value of its personal property within the state without regard to liens or debts was construed and upheld by the state court as an indirect tax on the personalty, which was not taxed otherwise. Held an adequate state ground of decision, obviating consideration of constitutional objections directed to a different construction of the statute. P. 283 U. S. 300.

Dismissed.

Appeal from a judgment sustaining a capital stock tax. Reported below: 159 Md. 359, 151 A. 39.

Page 283 U. S. 298