United States Eighth Circuit

Tax court erred in requiring plaintiff to depreciate the value of its natural gas gathering pipeline over a fifteen-year period, rather than a seven-year period. The pipeline is a production asset rather than a transportation asset under the IRS's Asset Guideline classification scheme.

Appellate Information

• Decided 01/12/2004
• Published 01/12/2004

Judges

• SMITH, Circuit Judge., Before SMITH, LAY, and McMILLIAN, Circuit Judges.

Court

• United States Eighth Circuit

Counsel

• For Appellant:
  
• Michael Thompson, argued, Kansas City, MO (Martin M. Loring, Lori J. Sellers, on the brief), for appellants.


• For Appellees:
  
• Teresa T. Milton, Tax Division, DOJ, argued, Washington, D.C. (Richard Farber, on the brief), for appellee.