NORTHWEST LA PRODUCTION CREDIT v. STATE

No. 98 CA 1995.

746 So.2d 280 (1999)

NORTHWEST LOUISIANA PRODUCTION CREDIT ASSOCIATION v. STATE of Louisiana, DEPARTMENT OF REVENUE AND TAXATION.

Court of Appeal of Louisiana, First Circuit.

November 5, 1999.


Attorney(s) appearing for the Case

Allen P. Jones, M. Allyn Stroud, Shreveport, Counsel for Plaintiff/Appellant Northwest Louisiana Production Credit Association.

Elizabeth Buroker Coffin, Baton Rouge, Counsel for Defendant/Appellee State of Louisiana, Department of Revenue and Taxation.

Before GONZALES, FITZSIMMONS, and WEIMER, JJ.


WEIMER, J.

The Northwest Louisiana Production Credit Association ("NLPCA") appeals a decision of the district court which granted summary judgment in favor of the State of Louisiana, Department of Revenue and Taxation ("State"), holding the NLPCA is subject to state taxation. Finding the trial court erroneously interpreted federal law, we reverse.

BACKGROUND

The NLPCA's status is undisputed. It is a federally chartered production credit association...

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