L & B CORP. v. C.I.R.

No. 87-2387.

862 F.2d 667 (1988)

L & B CORPORATION, a Nebraska corporation, Appellant, v. COMMISSIONER OF INTERNAL REVENUE, Appellee. Larry A. LARSEN and Betty J. Larsen, Appellants, v. COMMISSIONER OF INTERNAL REVENUE, Appellee. ESTATE OF Howard C. LARSEN, Deceased, Maxine J. Larsen, Executrix and Maxine J. Larsen, Appellants, v. COMMISSIONER OF INTERNAL REVENUE, Appellee.

United States Court of Appeals, Eighth Circuit.

Decided November 25, 1988.


Attorney(s) appearing for the Case

Paul A. Rauth, Omaha, Neb., for appellant.

Thomas R. Lamons, Dept. of Justice, Washington, D.C., for appellee.

Before HEANEY and MAGILL, Circuit Judges, and LARSON, Senior District Judge.


HEANEY, Circuit Judge.

L & B Corporation, Larry A. Larsen, Betty Larsen, the estate of Howard Larsen, Maxine J. Larsen, Lance Sterling Larsen and Ashley Larsen, partners in the partnerships of Larsen Realty, Millard Warehouse — Des Moines (Millard-DM), and Millard Warehouse — Denison (Millard-D), appeal a decision of the tax court denying investment tax credits for refrigerated structures and associated paved truck turnaround areas and railroad tracks...

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