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Conservation Tax Break Rules Challenger Asks for a Rehearing

June 14, 2022, 4:23 PM

A full slate of appeals court judges should rehear a challenge to IRS conservation tax break regulations after the majority of a three-judge panel upheld the rules, a land holding company said.

Oakbrook Land Holdings LLC filed the request Monday after losing its appeal on March 14 before a panel of the U.S. Court of Appeals for the Sixth Circuit, which governs federal cases in Tennessee, Ohio, Kentucky, and Michigan. The panel’s decision affirmed a 2020 U.S. Tax Court ruling.

The company noted in its Monday filing that the panel majority’s decision conflicted with a Dec. 29 ...