The Columbian. [volume] (Bloomsburg, Pa.) 1866-1910, 1877-04-06
Important 10 Assessors.


The following opinion ofh. II, Cummin,
Esq attorney for the county commissioners
of Ly,omng county, will be found to possess
considerable interest to assessors and tax
payers
WILLrAMspoRT, March 20, 1871
Commissioners Of Lycoming county:
GENTLEMEN In reply to your question
"Is money at interest taxable for county pur-
noses in this county?" l md the law as fol-
lows
By section 80, act Of assembly Goth April,
1874, Pamphlet Laws p. 497, 2 Purd"n's
Digest p. $50, and sections 8 and 6, act Of
assembly 23d April, 1916, Pamphlet Laws p.
4S7, purd,n's Digest 1886, it is provided
that all money due and owing by solvent
debtors, to any person, partnership, firm.
company or corporate body, whether on mort
gage, ia gmcnt, decree, bond, note, contract,
agreement, accounts and settlements in the
orphans courts and courts of common pleas,
and other accounts, excepting exccutory con-
tracts and agreements where possession has
not been delivered 10 the VI ndee, under such
contracts or agreements and excepting notes
contracts or accounts for wok or labor done.
and bank notes whether rayabl' OH demand
or at any specified time rast, present or tu
ture. or whether the time of payment be spec
i6rd oi not. and whether containing an agree
men, to pay interest or MT whethcr writer
or verbal and also all MONEY loaned or invest
ci in any other state, shall be uailed and os
sessed and be subject to tardtion for aHcounf
purposes rhatsocrer.
By section /, act of assembly 18th March
iS47, Pamphlet Laws p. 1906. 2 Purdon's Di
ec.t p. 1882, it is provided: That the Law
above cited shall not be so construed as t.
impose tax on the running or book account
Of merchants or others for goods sold or wor
done.
By section !. act of assembly l4th Of Apr
1868, Pamphlet Laws p. 81, . Purdon's Di
gest p. 1869, it is provided That all mort
cages, judgments, recognizances and money
owing upon articles Of agre ment for the sal
of real estate shall be exempt from taxa
ton, etc.
When this last cited act of assembly wa
before the supreme court in November, 1877!
in the case of Westmoreland countyv Erie
second Weekly Notes of Cases, p. 204, the
) held that its provisions were not confined
purchase money, mortgages, judgments, etc
but that It exempted from county taxation a
mortgages, all judgments, all recognizanc'
and the moneys due upon such articles
agreement only as ale for sale of real estate
1t is therefore your duty to cause to
valued and assessed with county taxes, 8
money due and owing by solvent debtors
every person, partnership, firm, company
corporate body, subject to taxation in tn
county, whether such money is due and OWL
d on decree, bond, note, contract, agreemen
accounts and settlements in the orphan
court and courts Of common pleas, and 9th
accounts, and all money loaned or invest'
y in any other state, excepting
|. Executory contracts and agreemen
where possession has not been delivered
o the vendee under such contracts or agre
y ments.
III. Notes, contracts or accounts for wo
: or labor done.
eI III. Bank notes, whether payable on d
mand, or at any specified time, past, prese
or future, or whe ther the time be specified
|, not, and whether containing an agreement
pay interest or not, whether written or verb
Il ". Running or book accounts Of mi
chants or others for goods sold or work don
III V. All mortgages, judgments and recog
Zances
q VI. All moneys owing upon articles
0 agreement for the sale of real estate.
o Respectfully yours,
4 II fJVJNgNYN