1. Home
  2. Browse Decisions
  3. F.3d
  4. 67 F.3d
  5. 67 F.3d 87 (1995)
 

SOUTHWEST TEXAS ELEC. CO-OP., INC. v. C.I.R.

No. 94-41125.

67 F.3d 87 (1995)

SOUTHWEST TEXAS ELECTRICAL COOPERATIVE, INC., Petitioner-Appellant, v. COMMISSIONER OF INTERNAL REVENUE, Respondent-Appellee.

United States Court of Appeals, Fifth Circuit.

October 19, 1995.

Attorney(s) appearing for the Case

William N. Baker, Baker, Brown, Thompson Law Offices, P.C., Lubbock, TX, for appellant.

David L. Jordan, Acting Chief Counsel, IRS, Washington, DC, Loretta Argrett, Asst. Atty. Gen., U.S. Dept. of Justice, Washington, DC, Edward T. Perelmuter, Bruce R. Ellisen, Gary R. Allen, Chief, Mary Frances Clark, App. Sec. Tx. Div. Dept. of Justice, Washington, DC, for appellee.

Before SMITH, BARKSDALE and BENAVIDES, Circuit Judges.

JERRY E. SMITH, Circuit Judge:

Southwest Texas Electrical Cooperative, Inc. ("petitioner"), received a low-interest federal loan to finance an improvement of its facilities. At the time of construction, petitioner needed and withdrew only one-half of the approved loan amount; it later withdrew the remainder, however, and invested it in Treasury Notes. The Tax Court found that interest income from the Treasury Notes is debt...

Let's get started

Leagle.com

Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.

  • Updated daily.
  • Uncompromising quality.
  • Complete, Accurate, Current.

Listed below are the cases that are cited in this Featured Case. Click the citation to see the full text of the cited case. Citations are also linked in the body of the Featured Case.

Cited Cases

  • No Cases Found

Listed below are those cases in which this Featured Case is cited. Click on the case name to see the full text of the citing case.

Citing Cases