Source: https://www.law.cornell.edu/uscode/text/26/1400I
Timestamp: 2017-10-20 16:40:18
Document Index: 716324072

Matched Legal Cases: ['§ 1400', '§ 1400', '§ 1400', '§\u202f1400', '§\u202f1', '§\u202f101']

26 U.S. Code § 1400I - Commercial revitalization deduction | US Law | LII / Legal Information Institute
U.S. Code › Title 26 › Subtitle A › Chapter 1 › Subchapter X › Part III › § 1400I
26 U.S. Code § 1400I - Commercial revitalization deduction
§ 1400I.
(a) General ruleAt the election of the taxpayer, either—
(b) Qualified revitalization buildings and expendituresFor purposes of this section—
(1) Qualified revitalization buildingThe term “qualified revitalization building” means any building (and its structural components) if—
(A) In generalThe term “qualified revitalization expenditure” means any amount properly chargeable to capital account for property for which depreciation is allowable under section 168 (without regard to this section) and which is—
(c) Dollar limitationThe aggregate amount which may be treated as qualified revitalization expenditures with respect to any qualified revitalization building shall not exceed the lesser of—
(2) State commercial revitalization expenditure ceilingThe State commercial revitalization expenditure ceiling applicable to any State—
(1) Plans for allocationNotwithstanding any other provision of this section, the commercial revitalization expenditure amount with respect to any building shall be zero unless—
(2) Qualified allocation planFor purposes of this subsection, the term “qualified allocation plan” means any plan—
(1) Deduction in lieu of depreciationThe deduction provided by this section for qualified revitalization expenditures shall—
(Added Pub. L. 106–554, § 1(a)(7) [title I, § 101(a)], Dec. 21, 2000, 114 Stat. 2763, 2763A–596.)
Commercial Revitalization Deduction : 2011-08-12
Section 168 MACRS : 2011-08-12
Commercial Revitalization Deduction : 2011-01-21
Commercial Revitalization Deduction : 2008-01-11