Retailer Seeks $2M Refund For Katrina-Related Tax Break

Law360, New York (December 11, 2013, 3:32 PM EST) -- Louisiana-based home improvement retailer Stine LLC sued the Internal Revenue Service on Wednesday seeking a $2.1 million tax refund, saying the company was entitled to substantial tax breaks for investing in areas that were hit hard by hurricanes Katrina and Rita.

The dispute is over whether Stine was allowed to apply hurricane-related tax breaks to costs associated with the construction of two new stores in Broussard and Walker, La. Stine claims the IRS wrongly disallowed the company from utilizing favorable deductions for the two stores....
To view the full article, register now.




Case Information

Case Title

Stine L L C v. USA

Case Number



Louisiana Western

Nature of Suit



James T Trimble, Jr

Date Filed

December 11, 2013

Government Agencies

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.