Legal Opinion
Indiana Department of State Revenue v. Farm Credit Services of Mid-America
Indiana Supreme Court
Decided September 1, 2000No. 49S10-9908-TA-453PublishedCited by 4 opinions
1Opinion of the Court
ON PETITION FOR INTERLOCUTORY APPEAL
SHEPARD, Chief Justice.
Farm Credit Services of Mid-America (Mid-America), an Agricultural Credit Association, claims it is exempt from Indiana’s Financial Institutions Tax under constitutional principles of intergovernmental tax immunity. We conclude it is only partially exempt.
Facts and Procedural History
Mid-America is part of the Farm Credit System, a nation-wide network of cooperative, borrower-owned banks and lending institutions that were established to provide affordable credit to farmers and ranchers. 12 U.S.C.A. § 2001 (West 1989).1
The system…
2Cases cited23 opinions
- M'culloch v. State of MarylandSupreme Court of the United States · 1819
- Davis v. Michigan Department of the TreasurySupreme Court of the United States · 1989
- Lebron v. National Railroad Passenger CorporationSupreme Court of the United States · 1995
- United States v. County of AlleghenySupreme Court of the United States · 1944
- Graves v. New York Ex Rel. O'KeefeSupreme Court of the United States · 1939
18 more not listed; retrieve them via the Exa API.
3Cited by4 opinions
- Miller Brewing Co. v. Indiana Department of State RevenueIndiana Supreme Court · 2009
- Director of Revenue of Missouri v. CoBank ACBSupreme Court of the United States · 2001
- Indiana Department of State Revenue v. Farm Credit Services of Mid-AmericaIndiana Supreme Court · 2000
- Indiana Department of State Revenue v. Farm Credit Services of Mid-AmericaIndiana Supreme Court · 2000