United States v. The Jefferson Mills, Inc.

The question presented on this appeal is whether the trial court properly concluded, on motion for summary judgment, that payments by Jefferson Mills, Inc., a textile mill operating in the small town of Jefferson, Georgia, made to the Board of Education of Jefferson City under a contract by which the latter was obligated to upgrade the education in the city schools, constituted ordinary and necessary business expenses deductible in full under Section 162(a) of the Internal Revenue Code of 1954, or whether such payments were charitable contributions deductible only to the limited extent…