Legal Opinion
State v. FARM CREDIT SERVICES OF CENT. ARK.
Supreme Court of Arkansas
Decided July 1, 1999No. 98-1518PublishedCited by 11 opinions
1Opinion of the Court
Ray Thornton, Justice.
The State of Arkansas, appellant, brings this appeal of the decision of the Pulaski County Chancery Court which found that appellees, four Production Credit Associations, are entitled to immunity from state sales and income taxation by virtue of their status as “federal instrumentalities.” Because we agree with the chancery court that absent express congressional waiver, the PCAs are entitled to immunity from state taxation, we affirm the chancellor’s grant of appellees’ summary-judgment motion.
Appellees, Farm Credit Services of Central Arkansas, Farm Credit Services of…
2Cases cited9 opinions
- M'culloch v. State of MarylandSupreme Court of the United States · 1819
- Graves v. New York Ex Rel. O'KeefeSupreme Court of the United States · 1939
- Department of Employment v. United StatesSupreme Court of the United States · 1966
- Arkansas v. Farm Credit Services of Central ArkansasSupreme Court of the United States · 1997
- Federal Reserve Bank of St. Louis, a United States Corporation v. Metrocentre Improvement District 1, City of Little Rock, ArkansasCourt of Appeals for the Eighth Circuit · 1981
4 more not listed; retrieve them via the Exa API.
3Cited by11 opinions
- Director of Revenue of Missouri v. CoBank ACBSupreme Court of the United States · 2001
- Simmons First Bank v. Bob Callahan Services, Inc.Supreme Court of Arkansas · 2000
- Barclay v. Farm Credit ServicesSupreme Court of Arkansas · 2000
- NORTHWEST LA PRODUCTION CREDIT v. StateLouisiana Court of Appeal · 1999
- Indiana Department of State Revenue v. Farm Credit Services of Mid-AmericaIndiana Supreme Court · 2000
6 more not listed; retrieve them via the Exa API.