- 3 -
allegedly paid or incurred for research and experimental
expenditures as deductible trade or business expenses.
FINDINGS OF FACT
Some of the facts have been stipulated and are so found.
The stipulation of facts and the exhibits attached thereto are
incorporated herein by this reference.
The jojoba plant is a shrub that is generally found on the
periphery of the Sonora Desert. While classified as a member of
the boxwood family, it is not closely related to any other plant.
. The jojoba plant produces a seed, sometimes referred to as a
bean, that contains approximately 50 percent by weight of an
unusual oil. Jojoba oil is actually a liquid wax ester, unlike
the triglyceride oils typically produced by plants, and is
similar to sperm whale oil.
It takes 5 years or more for a jojoba plant to produce seeds
in a harvestable quantity. Jojoba oil is useful for a variety of
products, ranging from cosmetics to industrial lubricants.
The ban in 1971 on the importation of sperm whale oil
stimulated an interest in the commercial production of jojoba
oil. In 1978, an estimated 2,200 acres of jojoba were planted in
Arizona and California. At that time, it had been estimated that
25,000 acres of jojoba would be sufficient to replace the sperm
Page: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Next
Last modified: May 25, 2011