DEPT. OF STATE REVENUE v. FARM CREDIT SVCS.

No. 49S10-9908-TA-453.

734 N.E.2d 551 (2000)

INDIANA DEPARTMENT OF STATE REVENUE, Appellant, v. FARM CREDIT SERVICES OF MID-AMERICA, ACA, Appellee.

Supreme Court of Indiana.

September 1, 2000.


Attorney(s) appearing for the Case

Karen Freeman-Wilson, Attorney General of Indiana, Jon Laramore, Deputy Attorney General, Indianapolis, Indiana, Attorneys for Appellant.

Thomas C. Borders, Richard A. Hanson, Kevin J. Feeley, Theodore R. Bots, Chicago, Illinois, Marilee J. Springer, Indianapolis, Indiana, Attorneys for Appellee.


ON PETITION FOR INTERLOCUTORY APPEAL

SHEPARD, Chief Justice.

Farm Credit Services of Mid-America (Mid-America), an Agricultural Credit Association, claims it is exempt from Indiana's Financial Institutions Tax under constitutional principles of intergovernmental tax immunity. We conclude it is only partially exempt.

Facts and Procedural History

Mid-America is part of the Farm Credit System, a nation-wide network of cooperative, borrower...

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