Legal Opinion
Director of Revenue of Missouri v. CoBank ACB
Supreme Court of the United States
Decided February 20, 2001No. 99-1792PublishedCited by 31 opinions
1Opinion of the CourtJustice Thomas
In this case we are asked to decide whether the National Bank for Cooperatives, which Congress has designated as a federally chartered instrumentality of the United States, is exempt from state income taxation. We hold that it is not.
I
In the Farm Credit Act of 1933, 48 Stat. 257, as amended, 12 U. S. seq., institutions within the Farm Credit System to meet the specific credit needs of farmers. Among these institutions were banks for cooperatives, one in each of 12 farm credit districts, and a Central Bank for Cooperatives. These banks were designed to make loans to cooperative associations…
2Cases cited8 opinions
- M'culloch v. State of MarylandSupreme Court of the United States · 1819
- United States v. New MexicoSupreme Court of the United States · 1982
- Arkansas v. Farm Credit Services of Central ArkansasSupreme Court of the United States · 1997
- State v. FARM CREDIT SERVICES OF CENT. ARK.Supreme Court of Arkansas · 1999
- NORTHWEST LA PRODUCTION CREDIT v. StateLouisiana Court of Appeal · 1999
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3Cited by31 opinions
- Stokeling v. United StatesSupreme Court of the United States · 2019
- United States v. O’BrienSupreme Court of the United States · 2010
- Cyan, Inc. v. Beaver County Employees Retirement FundSupreme Court of the United States · 2018
- National Elevator Industry Pension Fund v. VeriFone Holdings, Inc.Court of Appeals for the Ninth Circuit · 2012
- Lindsay v. Government Employees InsuranceCourt of Appeals for the D.C. Circuit · 2006
26 more not listed; retrieve them via the Exa API.