Ye Mystic Krewe of Gasparilla v. Commissioner
United States Tax Court
K, an exempt social club, owned a replica of a pirate ship which it used 1 day each year in staging a mock invasion of Tampa. The invasion was followed by a parade. K owned the concession rights along the parade route and negotiated contracts with others to provide seats and refreshments. K received a percentage of the net receipts from such concessions.
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K, an exempt social club, owned a replica of a pirate ship which it used 1 day each year in staging a mock invasion of Tampa. The invasion was followed by a parade. K owned the concession rights along the parade route and negotiated contracts with others to provide seats and refreshments. K received a percentage of the net receipts from such concessions. K also contracted with another for the production and sale of logbooks and received a percentage of the net receipts from the sale of such logbooks and from the sale of advertising contained in them. Each year, K engaged in a number of other…
1Opinion of the Court
Simpson, Judge-.
The Commissioner determined the following deficiencies in the petitioner’s Federal income taxes:
Tax year ended Deficiency
2/28/75 . $2,944
2/29/76 . 2,920
2/28/77 . 3,160
After a concession by the petitioner, the issues for decision are: (1) Whether the income which the petitioner, an exempt social club, received from certain concessions and the sale of souvenirs in connection with an annual mock invasion and parade staged by it constitutes unrelated business taxable income within the meaning of section 512(a)(3)(A) of the Internal Revenue Code of 1954;1 (2) whether the petitioner…
2Cases cited19 opinions
- Welch v. HelveringSupreme Court of the United States · 1933
- Disabled American Veterans v. United StatesUnited States Court of Claims · 1981
- Associated Industries v. CommissionerUnited States Tax Court · 1946
- Jockey Club v. HelveringCourt of Appeals for the Second Circuit · 1935
- Koon Kreek Klub v. ThomasCourt of Appeals for the Fifth Circuit · 1939
14 more not listed; retrieve them via the Exa API.
3Cited by14 opinions
- North Ridge Country Club v. CommissionerUnited States Tax Court · 1987
- Veterans of Foreign Wars, Dep't of Michigan v. CommissionerUnited States Tax Court · 1987
- South End Italian Independent Club, Inc. v. CommissionerUnited States Tax Court · 1986
- Brook, Inc. v. CommissionerUnited States Tax Court · 1985
- Rolling Rock Club v. United StatesCourt of Appeals for the Third Circuit · 1986
9 more not listed; retrieve them via the Exa API.