Legal Opinion
School Street Associates Ltd. Partnership v. District of Columbia
District of Columbia Court of Appeals
Decided January 4, 2001No. 97-TX-1442, 97-TX-2001PublishedCited by 23 opinions
1Opinion of the Court
On Rehearing En Banc
STEADMAN, Associate Judge:
Before us for en banc review are two tax appeals.1 Both require us to interpret the provision of the District of Columbia income and franchise tax statute permitting the deduction of a net operating loss (“NOL”). See D.C.Code § 47-1803.3(a)(14) (1997). That code section in general allows a deduction for a net operating loss incurred in one year against the net income of the taxpayer in a prior or subsequent year.2
Appellant School Street Associates (“School Street”) is a limited partnership investing in District real estate. In contrast to federal…
2Cases cited34 opinions
- Russello v. United StatesSupreme Court of the United States · 1983
- New Colonial Ice Co. v. HelveringSupreme Court of the United States · 1934
- Caminetti v. United StatesSupreme Court of the United States · 1917
- Indopco, Inc. v. CommissionerSupreme Court of the United States · 1992
- United States v. PriceSupreme Court of the United States · 1960
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3Cited by23 opinions
- Hood v. United StatesDistrict of Columbia Court of Appeals · 2011
- District of Columbia Office of Tax & Revenue v. Bae System Enterprise System Inc.District of Columbia Court of Appeals · 2012
- Providence Hospital v. District of Columbia Department of Employment ServicesDistrict of Columbia Court of Appeals · 2004
- Nathalia L. Brown v. District of Columbia Department of Employment Services and Potomac Electrical Power CompanyDistrict of Columbia Court of Appeals · 2014
- Board of Directors v. Board of TrusteesDistrict of Columbia Court of Appeals · 2002
18 more not listed; retrieve them via the Exa API.