- 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 spermPage: 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