Oakbrook Land Holdings, LLC, et al., Petitioners v. Commissioner of Internal Revenue

  1. April 12, 2024

    4 Takeaways From Tax Court Nix Of Easement Perpetuity Rule

    The U.S. Tax Court's scrapping of an IRS rule on the perpetuity requirements for conservation easements could draw yet more judicial scrutiny to the agency's rulemaking and shift the focus of easement disputes to how the transactions are valued. Here, Law360 examines four key takeaways from the decision.

  2. January 09, 2023

    Justices Won't Review 6th Circ.'s OK Of Easement Regs

    The U.S. Supreme Court won't review whether the Treasury Department's tax regulations for conservation easements complied with public comment requirements, the court said Monday, letting stand a Sixth Circuit decision finding the regulations were valid.

  3. December 13, 2022

    Justices Pressed To Reject Conservation Easement Rule

    A Tennessee land partnership pressed the U.S. Supreme Court to invalidate a 1986 regulation governing charitable land donations, arguing that the IRS violated administrative law when it failed to address stakeholder concerns during the proposed rulemaking phase.

  4. December 08, 2022

    Justices Should Skip Challenge To Easement Regs, US Says

    The U.S. Supreme Court should decline to review a Sixth Circuit ruling that Treasury tax regulations on conservation easements complied with administrative law, the government argued, saying the Internal Revenue Service was right to reject a partnership's $9.5 million deduction for conservation land.

  5. November 07, 2022

    Tax Group Asks Justices To Vacate Easement Regulations

    The U.S. Supreme Court should overturn a Sixth Circuit decision finding Treasury complied with public notice rules when issuing conservation deduction regulations, a taxpayers group said Monday, arguing that the government is punishing taxpayers who donate land with shifting standards and stiff penalties.

  6. November 02, 2022

    Justices Urged To Reverse 6th Circ.'s OK Of Easement Regs

    The U.S. Supreme Court should reverse a Sixth Circuit decision finding Treasury complied with public feedback rules in issuing conservation easement regulations, a preservation group said Wednesday, arguing the decision could encourage agencies to ignore requirements "designed to ensure prudent rulemaking."