U.S. District Court: Interco Transactions Excluded from Gross Receipts for Research Tax Credit

On a motion for partial summary judgment, the U.S. District Court for the Southern District of Ohio rules that intercompany transactions may be excluded from gross receipts when calculating the federal research tax credit under Section 41.

Proctor & Gamble v. United States, Docket 1:08-cv-00608 (S.D. Ohio June 25, 2010)