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ARSENAL CREDIT UNION v. GILES

No. 67689.

715 S.W.2d 918 (1986)

ARSENAL CREDIT UNION, et al., Plaintiffs-Appellants, v. Gwen GILES, et al., Defendants-Respondents.

Supreme Court of Missouri, En Banc.

September 16, 1986.

Attorney(s) appearing for the Case

Leon G. Kusnetzky, Kansas City, for plaintiffs-appellants.

Edward J. Hanlon, James D. Wilson, St. Louis, for defendants-respondents.

RENDLEN, Judge.

This case involves the tax on tangible personal property of certain Missouri credit unions. The central issue is whether § 148.620.3, RSMo Cum.Supp.1984,1 (hereinafter § 148.620.3) which imposes a net income-based corporate franchise tax on credit unions and savings and loan associations to the exclusion of other taxation, violates Mo.Const. art. X, § 4...

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