B.F. Goodrich Company v. United States

NIES, Senior Circuit Judge.

B.F. Goodrich appeals the judgment of the United States Court of Federal Claims denying its claims for a tax refund. The court granted the government’s motion for summary judgment, concluding that Goodrich was not entitled to take additional depreciation deductions on property that qualified for an investment tax credit. The court also rejected Goodrich’s alternative contention that it was entitled to deductions under 26 U.S.C. § 196, which provides for a deduction for unused business credits, such as investment tax credits. We affirm.

I

Background

Prior to amendment…