Commissioner v. Idaho Power Co.
1974 United States Supreme Court case / From Wikipedia, the free encyclopedia
Dear Wikiwand AI, let's keep it short by simply answering these key questions:
Can you list the top facts and stats about Commissioner v. Idaho Power Co.?
Summarize this article for a 10 year old
SHOW ALL QUESTIONS
Commissioner v. Idaho Power Co., 418 U.S. 1 (1974), was a United States Supreme Court case.[1]
Quick Facts Commissioner v. Idaho Power Co., Argued February 27, 1974 Decided June 24, 1974 ...
Commissioner v. Idaho Power Co. | |
---|---|
Argued February 27, 1974 Decided June 24, 1974 | |
Full case name | Commissioner of Internal Revenue v. Idaho Power Co. |
Citations | 418 U.S. 1 (more) 94 S. Ct. 2757; 41 L. Ed. 2d 535 |
Case history | |
Prior | Idaho Power Co. v. Commissioner, 29 T.C.M. (CCH) 383, T.C. Memo. 1970-83; reversed, 477 F.2d 688 (9th Cir. 1973); cert. granted, 414 U.S. 999 (1973). |
Holding | |
The equipment depreciation allocable to the taxpayer's construction of capital facilities must be capitalized under § 263(a)(1). | |
Court membership | |
| |
Case opinions | |
Majority | Blackmun, joined by Burger, Brennan, Stewart, White, Marshall, Powell, Rehnquist |
Dissent | Douglas |
Laws applied | |
I.R.C. § 161, § 167, § 261, § 263 |
Close