124 Va. 138 | Va. | 1919
delivered the opinion of the court.'
Henry S. Hutzler, doing business as a private banker under the name of Henry S. Hutzler & Company, was assessed with and paid for the year 1915, a State license tax measured by the capital employed in his banking business, pursuant to the provisions of sections 77 and 78 of the statute commonly known as the tax bill. For the same year he was assessed with an ad valorem. State tax on such capital under section 8 of the tax bill (Laws [Ex. Sess.] 1902-3-4, C 148 [Code 1904, p. 2232]) as amended by the act of March 17, 1915 (Acts [ExISess.] 1915, pages 160, 161). This proceeding involves the validity of the latter assessment. The hustings court, upon Hutzler’s application for relief, being of opinion that the assessment was erroneous, entered an order exonerating him from the payment of the ad valorem tax, and to that order this writ of error was awarded.
H3as the legislature exercised that power with reference to the business of private bankers; or has it, pursuant to the authority under section 170 of the Constitution, elected to impose on that business a license tax in lieu of any attempt to reach it by the act valorem system ?
Sub-section 4 of section 8 of the tax bill (Acts 1915, page 161) directs that “all capital of individuals invested or employed in any trade or business not otherwise taxed,” shall be subject to a property tax; and this statute, as well
The tax bill in section 77 defines the business of a private banker and forbids the conduct of suich business without a license. It then proceeds, in section 78, to impose a license tax in the following language: “A private
banker shall pay fifty dollars on a capital of five thousand dollars or under; one hundred dollars on a capital exceeding five thousand dollars and not exceeding ten thousand dollars ; one hundred and fifty dollars on a capital from ten to twenty thousand dollars; two hundred and fifty dollars on a capital of over twenty thousand dollars and not exceeding thirty thousand dollars, and an additional sum of five dollars per thousand on every thousand dollars in excess of thirty thousand.”
The discussion of this case, orally and in the briefs, has taken a rather wide range, but,- as we see it, the single and narrow inquiry, to be determined upon a view of the foregoing provisions, is, did the legislature intend by section 78 of the tax bill to impose a tax on the capital of private bankers? If so, the judgment complained of was plainly right.
It may be that the question is not entirely. free from doubt; but if it was the purpose of the General Assembly to do what the Commonwealth contends it has done with reference to taxing private bankers, that intention could and should have been much more clearly expressed.
The judgment, is affirmed.
Affirmed.