Legal Opinion
Walt Disney Productions v. United States of America, Walt Disney Productions v. United States
Court of Appeals for the Ninth Circuit
Decided July 31, 1973No. 72-1052, 72-1076PublishedCited by 47 opinions
1Opinion of the Court
ALFRED T. GOODWIN, Circuit Judge:
The government appeals a district court judgment in a tax-refund ease allowing Walt Disney Productions to take an “investment credit” on motion-picture negatives produced in 1962. The taxpayer cross-appeals from that part of the judgment which reduced the basis of the films for purpose of the credit.
The district court held that the films were “tangible personal property” within the meaning of Internal Revenue Code of 1954; that they had a useful life of more than eight years; and that they were depreciable. The films were thus eligible for the investment…
2Cases cited8 opinions
- Bingler v. JohnsonSupreme Court of the United States · 1969
- Haynes v. United StatesSupreme Court of the United States · 1968
- United States v. PriceSupreme Court of the United States · 1960
- Fribourg Navigation Co. v. CommissionerSupreme Court of the United States · 1966
- Sioux Tribe of Indians v. United StatesSupreme Court of the United States · 1942
3 more not listed; retrieve them via the Exa API.
3Cited by47 opinions
- Ronnen v. CommissionerUnited States Tax Court · 1988
- United Telecommunications, Inc. (Formerly United Utilities, Incorporated) v. Commissioner of Internal RevenueCourt of Appeals for the Tenth Circuit · 1978
- Computing & Software, Inc. v. CommissionerUnited States Tax Court · 1975
- United States v. New Castle CountyDistrict Court, D. Delaware · 1986
- John K. Johnsen Frances Johnsen, Cross-Appellants v. Commissioner of Internal Revenue, Cross-AppelleeCourt of Appeals for the Sixth Circuit · 1986
42 more not listed; retrieve them via the Exa API.