Legal Opinion
E.I. du Pont de Nemours & Co. v. Commissioner of Internal Revenue Service
Court of Appeals for the Third Circuit
Decided December 2, 1994No. Nos. 94-7242, 94-7243 and 94-7244PublishedCited by 2 opinions
1Opinion of the Court
OPINION OF THE COURT
SCIRICA, Circuit Judge.
In this appeal, we must determine the validity of Treas.Reg. § 1.58-9 (1992). Specifically, the issue is whether the Department of the Treasury may implement a “suspended-tax” approach instead of a “suspended-preference” method in calculating minimum tax under the “tax benefit rule” of former I.R.C. § 58(h), 26 U.S.C. The first approach computes and suspends tax liability until a benefit results while the latter suspends items of tax preference. Because we find the suspended-tax approach to be a reasonable construction of § 58(h), in accord with its…
2Cases cited23 opinions
- Chevron U. S. A. Inc. v. Natural Resources Defense Council, Inc.Supreme Court of the United States · 1984
- General Electric Co. v. GilbertSupreme Court of the United States · 1976
- National Muffler Dealers Assn., Inc. v. United StatesSupreme Court of the United States · 1979
- United States v. Vogel Fertilizer Co.Supreme Court of the United States · 1982
- Rowan Cos. v. United StatesSupreme Court of the United States · 1981
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3Cited by2 opinions
- E.I. Du Pont De Nemours & Company v. Commissioner Of Internal Revenue ServiceCourt of Appeals for the Third Circuit · 1994
- Valerie Flores v. Ada James Place, also known as PassagesDistrict Court, N.D. New York · 2026