Legal Opinion
Great Northern Nekoosa Corp. v. United States
District Court, D. Maine
Decided July 22, 1982No. Civ. 77-188 PPublishedCited by 5 opinions
1Opinion of the Court
MEMORANDUM OF OPINION AND ORDER OF THE COURT
GIGNOUX, Chief Judge.
The present federal income tax refund action involves a dispute between plaintiff Great Northern Nekoosa Corporation (Great Northern) 1 2and the Internal Revenue Service (IRS) over the fair market value, for tax deduction purposes, of a 207-acre parcel of land along the Allagash River in northern Maine (the Allagash Parcel). Plaintiff gave the land to the State of Maine in 1969 and claimed a charitable deduction of $1 million, valuing the parcel as a potential hydroelectric power site; the IRS valued the parcel as timberland…
2Cases cited18 opinions
- Helvering v. TaylorSupreme Court of the United States · 1935
- Olson v. United StatesSupreme Court of the United States · 1934
- United States Ex Rel. Tennessee Valley Authority v. PowelsonSupreme Court of the United States · 1943
- United States v. Virginia Electric & Power Co.Supreme Court of the United States · 1961
- United States v. 320.0 Acres of Land, More or Less in the County of Monroe, State of Florida,and Salvatore R. CicconeCourt of Appeals for the Fifth Circuit · 1979
13 more not listed; retrieve them via the Exa API.
3Cited by5 opinions
- Stanley Works v. CommissionerUnited States Tax Court · 1986
- Great Northern Nekoosa Corporation v. United StatesCourt of Appeals for the First Circuit · 1983
- Fairbanks North Star Borough Assessor's Office v. Golden Heart Utilities, Inc.Alaska Supreme Court · 2000
- McMurray v. CommissionerUnited States Tax Court · 1992
- Stanley Works v. CommissionerUnited States Tax Court · 1986