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.

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Label Occurrences
Veazie Bank v. Fenno canonical 1

How this entity was disambiguated

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 ⓘ
hasCitation 75 U.S. (8 Wall.) 533 ⓘ
hasConstitutionalProvisionInterpreted Article I of the U.S. Constitution ⓘ
hasContext Civil War and post–Civil War financial legislation ⓘ
hasCountry United States ⓘ
hasCourt Supreme Court of the United States ⓘ
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 ⓘ
Taxing and Spending Clause of the U.S. Constitution ⓘ
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 ⓘ
Veazie Bank ⓘ
hasPrecedentFor congressional power to use taxation to achieve regulatory ends ⓘ
hasPublication United States Reports ⓘ
hasRelatedConcept national bank notes ⓘ
state-chartered banks ⓘ
hasRelatedLegislation National Bank Acts ⓘ
hasSubject federal taxation power ⓘ
federalism in the United States ⓘ
national currency system ⓘ
state banknotes ⓘ
hasVolume 75 U.S. ⓘ
hasWallaceCitation 8 Wall. 533 ⓘ

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Referenced by (1)

Full triples — surface form annotated when it differs from this entity's canonical label.

Chase Court → notableCase → Veazie Bank v. Fenno ⓘ