Veazie Bank v. Fenno
E879578
Veazie Bank v. Fenno was an 1869 U.S. Supreme Court decision that upheld a federal tax on state banknotes, effectively strengthening federal control over the national currency system.
Statements (45)
| Predicate | Object |
|---|---|
| instanceOf |
U.S. Supreme Court case
ⓘ
United States federal courts case ⓘ legal case ⓘ |
| hasAreaOfLaw |
banking law
ⓘ
constitutional law ⓘ tax law ⓘ |
| hasChiefJustice | Salmon P. Chase NERFINISHED ⓘ |
| hasCitation | 75 U.S. (8 Wall.) 533 ⓘ |
| hasConstitutionalProvisionInterpreted | Article I of the U.S. Constitution NERFINISHED ⓘ |
| hasContext | Civil War and post–Civil War financial legislation ⓘ |
| hasCountry |
United States of America
ⓘ
surface form:
United States
|
| hasCourt | Supreme Court of the United States NERFINISHED ⓘ |
| hasDateDecided | 1869 ⓘ |
| hasDecisionStatus | good law as of 2024 ⓘ |
| hasDecisionType | majority opinion ⓘ |
| hasEffect |
discouraged issuance of state banknotes
ⓘ
strengthened federal control over the national currency system ⓘ upheld a federal tax on state banknotes ⓘ |
| hasEra | Reconstruction era ⓘ |
| hasGeographicScope | United States nationwide ⓘ |
| hasHolding |
A federal tax on state banknotes is constitutional
ⓘ
Congress has broad power over the national currency ⓘ Congress may impose a tax on state banknotes ⓘ The federal government may discourage circulation of state banknotes through taxation ⓘ |
| hasJurisdiction | federal jurisdiction ⓘ |
| hasLanguage | English ⓘ |
| hasLegalBasis |
Necessary and Proper Clause of the U.S. Constitution
NERFINISHED
ⓘ
Taxing and Spending Clause of the U.S. Constitution NERFINISHED ⓘ |
| hasLegalIssue |
relationship between federal and state monetary powers
ⓘ
scope of congressional taxing power ⓘ |
| hasLevelOfCourt | court of last resort ⓘ |
| hasOutcome | federal government’s monetary authority affirmed ⓘ |
| hasParties |
Fenno
NERFINISHED
ⓘ
Veazie Bank NERFINISHED ⓘ |
| hasPrecedentFor | congressional power to use taxation to achieve regulatory ends ⓘ |
| hasPublication | United States Reports NERFINISHED ⓘ |
| hasRelatedConcept |
national bank notes
ⓘ
state-chartered banks ⓘ |
| hasRelatedLegislation | National Bank Acts NERFINISHED ⓘ |
| hasSubject |
federal taxation power
ⓘ
federalism in the United States ⓘ national currency system ⓘ state banknotes ⓘ |
| hasVolume | 75 U.S. ⓘ |
| hasWallaceCitation | 8 Wall. 533 ⓘ |
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.