Southern MultiMedia Communications, Inc. v. Commissioner

113 T.C. No. 27

UNITED STATES TAX COURT SOUTHERN MULTI-MEDIA COMMUNICATIONS, INC., FORMERLY WOMETCO CABLE CORP. AND SUBSIDIARIES f/k/a WEXA CABLE, INC. AND SUBSIDIARIES, Petitioners v. COMMISSIONER OF INTERNAL REVENUE, Respondent Docket No 19455-96. Filed December 8, 1999. Held: $1,927,396 in costs of certain improvements to cable television systems does not qualify for investment tax credit under the “supply or service” transition rule of sec. 204(a)(3) of the Tax Reform Act of 1986,

Pub. L. 99-514, 100

Stat. 2085, 2149. Val J. Albright and Chester W. Grudzinski, Jr., for petitioners. Robert M.…