ELR Citation: ELR 20344
No(s). s. C82-052 et al (D. Wyo. Mar 20, 1985)

The court holds that civil penalties assessed under §311(b)(6) of the Federal Water Pollution Control Act (FWPCA) for leakage of oil or hazardous substances are deductible for income tax purposes. The court first rules that civil penalties imposed under FWPCA §311(b)(6) are tax-deductible. The tes...