Updates to our Terms of Use

We are updating our Terms of Use. Please carefully review the updated Terms before proceeding to our website.

Monday, July 22, 2024 | Back issues
Courthouse News Service Courthouse News Service

3rd Circuit

TAX - The 3rd Circuit held that a company's expenses for environmental cleanup do not qualify for certain tax breaks. The beneficial treatment applies when a taxpayer receives money in a prior tax year and must restore that money. Alcoa's cleanup costs in no way meet the definition of restoring money to its rightful owner. Affirmed. See ruling.

Categories / Uncategorized

Subscribe to Closing Arguments

Sign up for new weekly newsletter Closing Arguments to get the latest about ongoing trials, major litigation and hot cases and rulings in courthouses around the U.S. and the world.

Loading...