Legal Opinion
Snap-Drape, Inc. v. Commissioner
Court of Appeals for the Fifth Circuit
Decided October 28, 1996No. 95-60699PublishedCited by 108 opinions
1Opinion of the Court
WIENER, Circuit Judge:
This federal income tax case presents two questions: (1) whether Treasury Regulation § 1.56(g) — l(d)(3)(iii)(E) is valid to the extent it provides that dividends paid to an Employee Stock Ownership Plan and deductible for regular income tax purposes, cannot be deducted in calculating earnings and profits (E & P) and thus in computing “adjusted current earnings” (ACE) for purposes of the corporate alternative minimum tax (AMT); and (2) if valid, whether retroactive application of that regulation was proper. The Tax Court concluded that the regulation in question is valid…
2Cases cited11 opinions
- Chevron U. S. A. Inc. v. Natural Resources Defense Council, Inc.Supreme Court of the United States · 1984
- Helvering v. R. J. Reynolds Tobacco Co.Supreme Court of the United States · 1939
- Rowan Cos. v. United StatesSupreme Court of the United States · 1981
- United States v. CarltonSupreme Court of the United States · 1994
- David Owen v. Kerr-Mcgee Corporation and the Home Indemnity CompanyCourt of Appeals for the Fifth Circuit · 1983
6 more not listed; retrieve them via the Exa API.
3Cited by108 opinions
- Goodman v. Harris CountyCourt of Appeals for the Fifth Circuit · 2009
- Micro Chemical, Inc. v. Lextron, Inc. And Turnkey Computer Systems, Inc.Court of Appeals for the Federal Circuit · 2003
- Ericsson, Inc. v. D-Link Systems, Inc.Court of Appeals for the Federal Circuit · 2014
- Nieves-Villanueva v. Soto-RiveraCourt of Appeals for the First Circuit · 1997
- Invitrogen Corp. v. Biocrest Manufacturing, l.p.Court of Appeals for the Federal Circuit · 2005
103 more not listed; retrieve them via the Exa API.