United States Supreme Court
DIRECTOR OF REVENUE OF MISSOURI v. COBANK, ACB, 99-1792
While 21 USC 2134 does not contain an express statements that banks for cooperatives are subject to state taxation, nothing in the statute indicates a repeal of the previous express approval of state taxation, and the structure of the Farm Credit Act indicates by negative implication that banks for cooperatives are not entitled to immunity.
Appellate Information
- Decided 02/20/2001
- Published 02/20/2001
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Court
- United States Supreme Court