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AGRICULTURAL BANK V. TAX COMM'N, 392 U. S. 339 (1968)

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U.S. Supreme Court

Agricultural Bank v. Tax Comm'n, 392 U.S. 339 (1968)

First Agricultural National Bank or Berkshire County v.

State Tax Commission

No. 755

Argued April 22, 1968

Decided June 17, 1968

392 U.S. 339

Syllabus

Massachusetts sales tax (which, by its terms, must be passed on to the purchaser) and use tax are invalid as applied to national banks, since such taxes are not among the only four specified methods of taxation in addition to taxes on real estate by which, under 12 U.S.C. § 548, Congress has permitted States to tax national banks. Pp. 392 U. S. 339-348.

___ Mass. ___, 229 N.E.2d 245, reversed.


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