Charles C. Haffner III and the Northern Trust Company, as Executors of the Will of Charles C. Haffner, Jr., Deceased v. United States

The executors of the estate of Charles C. Haffner, Jr., Deceased, brought this action against the United States, asserting a claim for refund of estate taxes paid on public housing agency obligations, known as Project Notes, issued pursuant to the “United States Housing Act of 1937,” as amended by the Housing and Community . Development Act of 1974, 42 U.S.C. § 1437. On cross motions for summary judgment the district court, in a detailed and well reasoned opinion, held that the Project Notes were exempt from federal estate taxes under section 11(b) of the Housing Act of 1937, 42 U.S.C. §…