Legal Opinion
Metallics Recycling Company v. Commissioner of Internal Revenue
Court of Appeals for the Sixth Circuit
Decided April 20, 1984No. 83-1247PublishedCited by 8 opinions
1Opinion of the Court
PHILLIPS, Senior Circuit Judge.
Metallics Recycling Company, the taxpayer, appeals from the decision of the United States Tax Court filed November 8, 1982, and reported at 79 T.C. 730. The Tax Court held that taxpayer is not entitled to a new jobs tax credit under 26 U.S.C. §§ 44B and 52, as added by the Tax Reduction and Simplification Act of 1977, P.L. 95-30, 91 Stat. 126. We affirm.
Reference is made to the reported decision of the Tax Court for a detailed recitation of pertinent facts.
I
The 1977 statute was “designed to provide economic stimulus to increase consumer spending, expand…
2Cases cited4 opinions
- Commissioner v. DubersteinSupreme Court of the United States · 1960
- First National Bank in St. Louis v. MissouriSupreme Court of the United States · 1924
- E. Keith Owens v. Commissioner of Internal RevenueCourt of Appeals for the Sixth Circuit · 1977
- Metallics Recycling Co. v. CommissionerUnited States Tax Court · 1982
3Cited by8 opinions
- Guardian Industries Corp. v. CommissionerUnited States Tax Court · 2014
- Jeffrey Harold Neher v. Commissioner of Internal RevenueCourt of Appeals for the Sixth Circuit · 1988
- Pope & Talbot, Inc. v. CommissionerUnited States Tax Court · 1995
- Amis v. CommissionerUnited States Tax Court · 1984
- Heritage Auto Ctr. v. CommissionerUnited States Tax Court · 1996
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