Kelo v. City of New London was a landmark case in United States Supreme Court history dealing with the authority of the government under the Takings Clause of the Fifth Amendment to seize private property for public use.
The Libson Shops Doctrine refers to a Supreme Court limitation on the survival of net operating loss (NOL) carryovers following a statutory merger, based on the continuity of enterprise theory.
The landmark U.S. Supreme Court decision in Kelo et al. v. City of New London et al. expanded the concept of constitutionally allowable takings of private property for public use under eminent domain to include takings for commercial developments that benefit the community.
The Supreme Court is the highest appellate court or court of last resort in the federal court system and in most states. It reviews the constitutionality of tax laws and some tax decisions by Courts of Appeal under its certiorari procedure.
