Source: https://www.law.cornell.edu/uscode/text/26/50
Timestamp: 2019-03-22 14:16:27
Document Index: 124446603

Matched Legal Cases: ['§ 50', '§\u202f50', '§\u202f11813', '§\u202f1616', '§\u202f6004', '§\u202f322', '§\u202f412', '§\u202f220', '§\u202f401', '§\u202f101', '§\u202f312', '§\u202f401', '§\u202f401', '§\u202f1704', '§\u202f1702', '§\u202f1616']

26 U.S. Code § 50 - Other special rules | U.S. Code | US Law | LII / Legal Information Institute
Subpart E. Rules for Computing Investment Credit
Section 50. Other special rules
26 U.S. Code § 50. Other special rules
(a) Recapture in case of dispositions, etc.Under regulations prescribed by the Secretary—
(i) One full year after placed in service
(ii) One full year after the close of the period described in clause (i)
(iii) One full year after the close of the period described in clause (ii)
(iv) One full year after the close of the period described in clause (iii)
(v) One full year after the close of the period described in clause (iv)
(4) Subsection not to apply in certain casesParagraphs (1) and (2) shall not apply to—
(B) Transfer between spouses or incident to divorceIn the case of any transfer described in subsection (a) of section 1041—
(b) Certain property not eligibleNo credit shall be determined under this subpart with respect to—
(2) Property used for lodgingNo credit shall be determined under this subpart with respect to any property which is used predominantly to furnish lodging or in connection with the furnishing of lodging. The preceding sentence shall not apply to—
nonlodging commercial facilities which are available to persons not using the lodging facilities on the same basis as they are available to persons using the lodging facilities;
(A) In generalNo credit shall be determined under this subpart with respect to any property used—
(3) Special ruleIn the case of any energy credit—
(5) Adjustment in basis of interest in partnership or S corporationThe adjusted basis of—
a partner’s interest in a partnership, and
(d) Certain rules made applicableFor purposes of this subpart, rules similar to the rules of the following provisions (as in effect on the day before the date of the enactment of the Revenue Reconciliation Act of 1990) shall apply:
(Added Pub. L. 101–508, title XI, § 11813(a), Nov. 5, 1990, 104 Stat. 1388–546; amended Pub. L. 104–188, title I, §§ 1616(b)(1), 1702(h)(11), 1704(t)(29), Aug. 20, 1996, 110 Stat. 1856, 1874, 1889; Pub. L. 105–206, title VI, § 6004(g)(7), July 22, 1998, 112 Stat. 796; Pub. L. 108–357, title III, § 322(d)(2)(D), Oct. 22, 2004, 118 Stat. 1475; Pub. L. 109–135, title IV, § 412(o), Dec. 21, 2005, 119 Stat. 2638; Pub. L. 113–295, div. A, title II, § 220(d), Dec. 19, 2014, 128 Stat. 4036; Pub. L. 115–141, div. U, title IV, § 401(a)(25), (d)(3)(B)(ii), Mar. 23, 2018, 132 Stat. 1185, 1209.)
A prior section 50, Pub. L. 92–178, title I, § 101(a), Dec. 10, 1971, 85 Stat. 498, related to restoration of credit for investment in certain depreciable property, prior to repeal by Pub. L. 95–600, title III, § 312(c)(1), Nov. 6, 1978, 92 Stat. 2826, applicable to taxable years ending after Dec. 31, 1978.
2018—Subsec. (a)(2)(E). Pub. L. 115–141, § 401(d)(3)(B)(ii), substituted “or 48C(b)(2)” for “48C(b)(2), or 48D(b)(4)”.
Subsec. (b)(2)(A). Pub. L. 115–141, § 401(a)(25), substituted semicolon for period at end.
2014—Subsec. (a)(2)(E). Pub. L. 113–295 inserted “, 48A(b)(3), 48B(b)(3), 48C(b)(2), or 48D(b)(4)” after “in section 48(b)”.
1996—Subsec. (a)(2)(C). Pub. L. 104–188, § 1704(t)(29), substituted “subsection (d)(5)” for “subsection (c)(4)”.
Subsec. (a)(2)(E). Pub. L. 104–188, § 1702(h)(11), substituted “48(a)(5)” for “48(a)(5)(A)”.
Subsec. (d). Pub. L. 104–188, § 1616(b)(1), inserted closing provisions.
Abandoned Mine Reclamation Act of 1990
Agricultural Reconciliation Act of 1990
FDIC Assessment Rate Act of 1990
Portability of Benefits for Nonappropriated Fund Employees Act of 1990
TEA 21 Restoration Act