VALLEY LOAN ASSOCIATION v. UNITED STATES

Civ. A. No. 9410.

258 F.Supp. 673 (1966)

VALLEY LOAN ASSOCIATION, Plaintiff, v. UNITED STATES of America, Defendant.

United States District Court D. Colorado.

September 22, 1966.


Attorney(s) appearing for the Case

Stanley L. Drexler, Denver, Colo., for plaintiff.

Lawrence M. Henry, U. S. Atty., for Dist. of Colorado, and Lawrence E. Doxsee, Tax Division, Dept. of Justice, for defendant.


MEMORANDUM OPINION AND ORDER

OLIN HATFIELD CHILSON, District Judge.

This is an action for the refund of corporate federal income taxes assessed upon the plaintiff corporation and paid by it for the years 1960, 1961 and 1962.

The plaintiff claims exemption from corporate income taxes for the years in question under subchapter S of the 1954 Internal Revenue Code (§§ 1371-1377).

Subchapter S of the 1954 Internal Revenue Code (§...

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