Legal Opinion
Clajon Gas Co. v. Commissioner
Court of Appeals for the Eighth Circuit
Decided January 12, 2004No. 03-1922PublishedCited by 1 opinion
1Opinion of the Court
SMITH, Circuit Judge.
Clajon Gas Company (“Clajon”) 1 appeals an adverse United States Tax Court 2 judgment requiring Clajon to de- precíate the value of its natural gas pipeline system during certain audit years 3 using a fifteen-year, rather than a seven-year, depreciation schedule. For the reasons set forth herein, we reverse the Tax Court.
I. Background
We begin our analysis of this taxpayer claim with a discussion about the relevant processes and facilities involved in the production of natural gas. Natural gas production is a multi-step process. These steps include extraction of the gas…
2Cases cited6 opinions
- Helvering v. TaylorSupreme Court of the United States · 1935
- Hassett v. WelchSupreme Court of the United States · 1938
- United States v. ScovilSupreme Court of the United States · 1955
- Black Hills Corporation, Doing Business as Black Hills Power and Light Company and Subsidiaries v. Commissioner of Internal RevenueCourt of Appeals for the Eighth Circuit · 1996
- Duke Energy Natural Gas Corp. v. CommissionerCourt of Appeals for the Tenth Circuit · 1999
1 more not listed; retrieve them via the Exa API.
3Cited by1 opinion
- Clajon Gas Co., L.P. v. Commissioner Of Internal RevenueCourt of Appeals for the Eighth Circuit · 2004