Mercantile Bank National Ass'n v. Berra

RENDLEN, Judge.

Appellants challenge the constitutionality of § 148.110, RSMo 1986, which provides that the Banking Institutions Tax shall be a substitute for the former bank shares tax and “for all taxes on all tangible and intangible personal property of all banking institutions subject to the provisions of sections 148.010 to 148.110.” The trial court found the statute valid as measured against the specifically enumerated exemptions from property taxation in Mo. Const, art. X, § 6. Because the issues involve the constitutionality of the statute, as well as the construction of the revenue…