Farmers' & Laborers' Co-Operative Insurance Ass'n v. Director of Revenue

HIGGINS, Judge.

Pursuant to receipt by the Missouri Department of Revenue of a Form, 4549L, Income Tax Examination Changes, from the Internal Revenue Service, the Director of Revenue assessed the Farmers’ Co-operative Insurance Associations’ taxpayers $11,995.90 for income tax and interest for the tax year 1981. The taxpayers protested the Director’s assessment arguing that farm mutual companies were exempted from the state corporate income tax under section 143.120, RSMo 1969, 1 repealed by L.1972 in 1973, effective January 1, 1973, replaced by section 143.321, RSMo 1978.

Appellant did not…