Director of Revenue of Missouri v. CoBank ACB
2001 United States Supreme Court case / From Wikipedia, the free encyclopedia
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Director of Revenue of Mo. v. CoBank ACB, 531 U.S. 316 (2001), was a United States Supreme Court case decided in 2001. The case concerned whether CoBank is exempt from state income tax requirements. A unanimous Court held that they are not exempt.
Quick Facts Director of Revenue of Mo. v. CoBank ACB, Argued November 28, 2000 Decided February 20, 2001 ...
Director of Revenue of Mo. v. CoBank ACB | |
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Argued November 28, 2000 Decided February 20, 2001 | |
Full case name | Director of Revenue of Missouri v. Cooperative Bank ACB |
Citations | 531 U.S. 316 (more) 121 S. Ct. 941; 148 L. Ed. 2d 830 |
Case history | |
Prior | Decision against defendant in the Administrative Hearing Commission; reversed sub nom. Production Credit Assn. of Southeastern Mo. v. Director of Revenue 10 S.W.3d 142 (Mo. 2000) |
Subsequent | Administrative Hearing Commission affirmed 43 S.W.3d 311 (Mo. 2001) |
Holding | |
The National Bank for Cooperatives, which Congress has designated as a federally chartered instrumentality of the United States, is not exempt from state income taxation. | |
Court membership | |
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Case opinion | |
Majority | Thomas, joined by unanimous |
Laws applied | |
Farm Credit Act, Supremacy Clause |
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