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Show I BANK LOSES SUIT TO RECOVER TAXES j Court Holds Payment Under Un-der Protest by McCornick & Co. Not Exempt. .Suit of McComick ti 'o., bankers r against thi treasurer of Halt Lake county to recover $tf.'t-tI.14 taxes paid t under protest on the McCornick bank building was di.srnissed by Judge George. U. Armstrong in the district court yesterday. The dismissal was made ou motion of the county attorney for a non -suit; Aside from the (6341.14 saved to the county, the decision i important in that it settles a troublesome problem in ta x at ion and marks a precedent that j will save the county from similar liti-u liti-u nation. The bank was assessed $f01, 018 as a 5 hank, and paid a tax of $22,281.37 t hereon. An add it ion at assessment ot I $168,200 was placed on the bank build-J build-J ing, owned by the McCornick Building , company. The bank alleged that in I asmrj -h as all the stock in the. building company was owned by the hank, the (fixation on the bank stock represented 1 foil taxation on the building, and that j to tax the building in addition to the bank stock amounted to a double taxa-4 taxa-4 lion. j Against this the county contended j that, if exemption could be granted on the building owned by (he bnnk then 3 exemptions would have to be made on t all property the hank might own. For i instance, it wns pointed out that if the hank owned stock in other banks, then j t he ot her banks would have to be cx-J cx-J erapted in so far hs the stock was held by the bank that had been taxed. |