Legal Opinion
United States v. Hill
Supreme Court of the United States
Decided January 25, 1993No. 91-1421PublishedCited by 32 opinions
1Opinion of the CourtJustice Souter
Under §§56 and 57(a)(8) of the Internal Revenue Code of 1954, 26 U. S. C. §§56, 57(a)(8) (1976 ed.), a taxpayer must pay a “minimum tax” on the excess of the allowable depletion deduction for an interest in a mineral deposit over the taxpayer’s adjusted basis for that interest. The question presented here is whether the term “adjusted basis,” as used in § 57(a)(8), includes certain depreciable drilling and development costs identified in § 1.612-4(c)(l) of the Treasury Department regulations. We hold that the term does not cover such costs.
I
In 1981 and 1982, respondents William F. and Lola E.…
2Cases cited6 opinions
- Commissioner v. Lincoln Savings & Loan Ass'nSupreme Court of the United States · 1971
- Commissioner v. Idaho Power Co.Supreme Court of the United States · 1974
- Paragon Jewel Coal Co. v. CommissionerSupreme Court of the United States · 1965
- Choate v. CommissionerSupreme Court of the United States · 1945
- William F. Hill and Lola E. Hill v. The United StatesCourt of Appeals for the Federal Circuit · 1991
1 more not listed; retrieve them via the Exa API.
3Cited by32 opinions
- United States v. Tommy Joe BarrowCourt of Appeals for the Sixth Circuit · 1997
- Vons Companies, Inc. v. United StatesUnited States Court of Federal Claims · 2001
- William Joyce v. Federated National Insurance CompanySupreme Court of Florida · 2017
- E.I. Du Pont de Nemours & Co. v. CommissionerUnited States Tax Court · 1994
- Legal Environmental Assistance Foundation, Inc. v. United States Environmental Protection AgencyCourt of Appeals for the Eleventh Circuit · 1997
27 more not listed; retrieve them via the Exa API.