Source: https://www.law.cornell.edu/uscode/text/26/463
Timestamp: 2017-12-13 15:02:45
Document Index: 188619698

Matched Legal Cases: ['§ 463', '§\u202f10201', '§ 463', '§ 463', '§\u202f10201', '§\u202f463', '§\u202f10201', '§\u202f4', '§\u202f1906', '§\u202f561', '§\u202f1165', '§\u202f10201']

26 U.S. Code § 463 - Repealed. Pub. L. 100–203, title X, § 10201(a), Dec. 22, 1987, 101 Stat. 1330–387] | US Law | LII / Legal Information Institute
U.S. Code › Title 26 › Subtitle A › Chapter 1 › Subchapter E › Part II › Subpart C › § 463
26 U.S. Code § 463 - Repealed. Pub. L. 100–203, title X, § 10201(a), Dec. 22, 1987, 101 Stat. 1330–387]
[§ 463.
Repealed. Pub. L. 100–203, title X, § 10201(a), Dec. 22, 1987, 101 Stat. 1330–387]
Section, added Pub. L. 93–625, § 4(a), Jan. 3, 1974, 88 Stat. 2109; amended Pub. L. 94–455, title XIX, § 1906(b)(13)(A), Oct. 4, 1976, 90 Stat. 1834; Pub. L. 98–369, div. A, title V, § 561(a), July 18, 1984, 98 Stat. 901; Pub. L. 99–514, title XI, § 1165(a), Oct. 22, 1986, 100 Stat. 2511, related to deduction allowable for accrual basis taxpayers under section 162(a) of this title with respect to vacation pay.
Change in Method of Accounting Required by Pub. L. 100–203
Pub. L. 100–203, title X, § 10201(c)(2), Dec. 22, 1987, 101 Stat. 1330–388, provided that:
“In the case of any taxpayer who elected to have section 463 of the Internal Revenue Code of 1986 apply for such taxpayer’s last taxable year beginning before January 1, 1988, and who is required to change his method of accounting by reason of the amendments made by this section [amending sections 404, 419, and 461 of this title, repealing sections 81 and 463 of this title, and enacting provisions set out as a note under section 404 of this title]—
shall be reduced by the balance in the suspense account under section 463(c) of such Code as of the close of such last taxable year, and
shall be taken into account over the 4-taxable year period beginning with the taxable year following such last taxable year as follows: