FARMERS & MERCHANTS BANK v. DIR. OF REV.

No. 77080.

896 S.W.2d 30 (1995)

FARMERS & MERCHANTS BANK AND TRUST COMPANY, Appellant, v. DIRECTOR OF REVENUE, STATE of Missouri, Respondent.

Supreme Court of Missouri, En Banc.

As Modified on Denial of Rehearing April 25, 1995.


Attorney(s) appearing for the Case

Richard A. King, Deborah A. Polk, Kansas City, for appellant.

Jeremiah W. (Jay) Nixon, Atty. Gen., Evan J. Buchheim, Asst. Atty. Gen., Jefferson City, for respondent.


ROBERTSON, Judge.

In this case we determine whether a bank is entitled to a bank franchise tax refund for income it claims it mistakenly reported when it changed accounting methods. The Director of Revenue and the Administrative Hearing Commission denied the refund. As this case involves the construction of the revenue laws of this state, we have jurisdiction. Mo.Const. art. V, § 3. Affirmed.

I.

On January 1, 1990, The Farmers and Merchants...

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