Legal Opinion
Walt Disney Productions v. United States
Court of Appeals for the Ninth Circuit
Decided January 18, 1977No. 76-1114PublishedCited by 27 opinions
1Opinion of the Court
ALFRED T. GOODWIN, Circuit Judge:
Walt Disney Productions sued for a tax refund, claiming the investment tax credit under 26 U.S.C. §§ 38, 46-50 (1970), for the cost of fourteen film negatives produced in 1970. The district court granted the refund, and rejected two government counterclaims. We affirm, in part, and remand for further hearing on one of the counterclaims.
Some understanding of motion picture technology is necessary before we discuss the statute which grants qualified taxpayers an investment tax credit. Although the end product (an exhibition print) will provide both sound and a…
2Cases cited5 opinions
- Commissioner v. SunnenSupreme Court of the United States · 1948
- Lewis v. ReynoldsSupreme Court of the United States · 1932
- Walt Disney Productions v. United States of America, Walt Disney Productions v. United StatesCourt of Appeals for the Ninth Circuit · 1973
- Walt Disney Productions v. United StatesDistrict Court, C.D. California · 1971
- Texas Instruments, Inc. v. United StatesDistrict Court, N.D. Texas · 1976
3Cited by27 opinions
- Rose v. CommissionerUnited States Tax Court · 1987
- T. J. Starker v. United StatesCourt of Appeals for the Ninth Circuit · 1979
- Ronnen v. CommissionerUnited States Tax Court · 1988
- Comshare, Inc. v. United StatesCourt of Appeals for the Sixth Circuit · 1994
- Texas Instruments Incorporated, Cross-Appellant v. United States of America, Cross-AppelleeCourt of Appeals for the Fifth Circuit · 1977
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