Legal Opinion
Illinois Cereal Mills, Inc. v. Commissioner of Internal Revenue
Court of Appeals for the Seventh Circuit
Decided April 28, 1986No. 85-1485PublishedCited by 36 opinions
1Opinion of the Court
BAUER, Circuit Judge.
This is an appeal by the Commissioner of Internal Revenue from a decision of the United States Tax Court. The Commissioner argues the Tax Court erred in holding that ninety-five percent of the cost of Illinois Cereal Mill’s factory electrical system qualified for the investment tax credit. We affirm.
I
Illinois Cereal Mills (“ICM”) conducts a corn milling business in Paris, Illinois. In 1976, ICM completed construction of a new speciality mill. The electrical distribution system that provides power to the specialty mill is contained in a separate room within the mill…
2Cases cited50 opinions
- Coors v. CommissionerUnited States Tax Court · 1973
- Adolph Coors Company v. Commissioner of Internal RevenueCourt of Appeals for the Tenth Circuit · 1975
- Catron v. CommissionerUnited States Tax Court · 1968
- Standard Oil Co. v. CommissionerUnited States Tax Court · 1981
- Minot Federal Savings & Loan Assn. v. United StatesCourt of Appeals for the Eighth Circuit · 1970
45 more not listed; retrieve them via the Exa API.
3Cited by36 opinions
- Piggly Wiggly Southern, Inc., Southern Graphic Art and Georgia Sales Company v. Commissioner of Internal RevenueCourt of Appeals for the Eleventh Circuit · 1986
- Sealy Power, Ltd. v. CommissionerCourt of Appeals for the Fifth Circuit · 1995
- Illinois Power Company v. Commissioner of Internal RevenueCourt of Appeals for the Seventh Circuit · 1986
- Hospital Corp. of Am. v. CommissionerUnited States Tax Court · 1997
- Munford, Inc. v. CommissionerUnited States Tax Court · 1986
31 more not listed; retrieve them via the Exa API.