Source: https://irc.bloombergtax.com/public/uscode/doc/irc/section_50
Timestamp: 2020-06-04 02:23:20
Document Index: 576356886

Matched Legal Cases: ['§ 50', '§ 50', '§ 50', '§ 50', '§ 50', '§ 50', '§ 50', '§ 50', '§ 50', '§ 50', '§ 50', '§ 50', '§ 50', '§ 50', '§ 50', '§ 50', '§ 50', '§ 50', '§ 50', '§ 50', '§ 50', '§ 50', '§ 50', '§ 50', '§ 50', '§ 50', '§ 50', '§ 50', '§ 50', '§ 50', '§ 50', '§ 50', '§ 50', '§ 50', '§ 50', '§ 50', '§ 50', '§ 50', '§ 50', '§ 50', '§ 50', '§ 50', '§ 50', '§ 50', '§ 50', '§ 50', '§ 50', '§ 50', '§ 50', '§ 50', '§ 50', '§ 50', '§ 50', '§ 50', '§ 50', '§ 50', '§ 50', '§ 50', '§ 50']

Internal Revenue Code, § 50. Other Special Rules
I.R.C. § 50(a) Recapture In Case Of Dispositions, Etc. —
I.R.C. § 50(a)(1) Early Disposition, Etc.
I.R.C. § 50(a)(1)(A) General Rule —
I.R.C. § 50(a)(1)(B) Recapture Percentage —
If the property ceases to be                   The recapture
investment credit property within--           percentage is:
(i) One full year after placed in service             100
(ii) One full year after the close of the
period described in clause (i)                         80
(iii) One full year after the close of the
period described in clause (ii)                        60
(iv) One full year after the close of the
period described in clause (iii)                       40
(v) One full year after the close of the
period described in clause (iv)                        20
I.R.C. § 50(a)(2) Property Ceases To Qualify For Progress Expenditures
I.R.C. § 50(a)(2)(A) In General —
I.R.C. § 50(a)(2)(B) Certain Excess Credit Recaptured —
I.R.C. § 50(a)(2)(C) Certain Sales And Leasebacks —
Under regulations prescribed by the Secretary, a sale by, and leaseback to, a taxpayer who, when the property is placed in service, will b e a lessee to whom the rules referred to in subsection (d)(5) apply shall not be treated as a cessation described in subparagraph (A) to the extent that the amount which will be passed through to the lessee under such rules with respect to such property is not less than the qualified rehabilitation expenditures properly taken into account by the lessee under section 47(d) with respect to such property.
I.R.C. § 50(a)(2)(D) Coordination With Paragraph (1) —
I.R.C. § 50(a)(2)(E) Special Rules —
I.R.C. § 50(a)(3) Carrybacks And Carryovers Adjusted —
I.R.C. § 50(a)(4) Subsection Not To Apply In Certain Cases —
I.R.C. § 50(a)(4)(A) —
I.R.C. § 50(a)(4)(B) —
I.R.C. § 50(a)(5) Definitions And Special Rules
I.R.C. § 50(a)(5)(A) Investment Credit Property —
I.R.C. § 50(a)(5)(B) Transfer Between Spouses Or Incident To Divorce —
I.R.C. § 50(a)(5)(B)(i) —
I.R.C. § 50(a)(5)(B)(ii) —
I.R.C. § 50(a)(5)(C) Special Rule —
I.R.C. § 50(b) Certain Property Not Eligible —
I.R.C. § 50(b)(1) Property Used Outside United States
I.R.C. § 50(b)(1)(A) In General —
I.R.C. § 50(b)(1)(B) Exceptions —
I.R.C. § 50(b)(2) Property Used For Lodging —
I.R.C. § 50(b)(2)(A) —
I.R.C. § 50(b)(2)(B) —
I.R.C. § 50(b)(2)(C) —
I.R.C. § 50(b)(2)(D) —
I.R.C. § 50(b)(3) Property Used By Certain Tax-Exempt Organization —
I.R.C. § 50(b)(4) Property Used By Governmental Units Or Foreign Persons Or Entities
I.R.C. § 50(b)(4)(A) In General —
I.R.C. § 50(b)(4)(A)(i) —
I.R.C. § 50(b)(4)(A)(ii) —
I.R.C. § 50(b)(4)(B) Exception For Short-Term Leases —
I.R.C. § 50(b)(4)(C) Exception For Qualified Rehabilitated Buildings Leased To Governments, Etc. —
I.R.C. § 50(b)(4)(D) Special Rules For Partnerships, Etc. —
I.R.C. § 50(b)(4)(E) Cross Reference —
I.R.C. § 50(c) Basis Adjustment To Investment Credit Property
I.R.C. § 50(c)(1) In General —
I.R.C. § 50(c)(2) Certain Dispositions —
I.R.C. § 50(c)(3) Special Rule —
I.R.C. § 50(c)(3)(A) —
I.R.C. § 50(c)(3)(B) —
I.R.C. § 50(c)(4) Recapture Of Reductions
I.R.C. § 50(c)(4)(A) In General —
I.R.C. § 50(c)(4)(B) Special Rule For Section 1250 —
I.R.C. § 50(c)(5) Adjustment In Basis Of Interest In Partnership Or S Corporation —
I.R.C. § 50(c)(5)(A) —
I.R.C. § 50(c)(5)(B) —
stock in an S corporation, shall be appropriately adjusted to take into account adjustments made under this subsection in the basis of property held by the partnership or S corporation (as the case may be).
I.R.C. § 50(d) Certain Rules Made Applicable —
I.R.C. § 50(d)(1) —
I.R.C. § 50(d)(2) —
I.R.C. § 50(d)(3) —
I.R.C. § 50(d)(4) —
I.R.C. § 50(d)(5) —
I.R.C. § 50(d)(6) —
I.R.C. § 50(d)(7) —
(Added by Pub. L. 101-508, title XI, Sec. 11813(a), Nov. 5, 1990, 104 Stat. 1388-546; amended by Pub. L. 104-188, title I, Sec. 1616(b)(1), 1702(h)(11), 1704(t)(29), Aug. 20, 1996, 110 Stat. 1755; Pub. L. 105-206, title VI, Sec. 6004(g)(7), July 22, 1998, 112 Stat 685; Pub. L. 108-357, title III, Sec. 322(d)(2)(D), Oct. 22, 2004, 118 Stat. 1418; Pub. L. 109-135, title IV, Sec. 412(o), Dec. 21, 2005, 119 Stat. 2577; Pub. L. 113-295, Div. A, title II, Sec. 220(d), Dec. 19, 2014, 128 Stat. 4010; Pub. L. 115-141, Div. U, title IV, Sec. 401(a)(25), (d)(3)(B)(ii), Mar. 23, 2018, 132 Stat. 348.)
2018 - Subsec. (a)(2)(E). Pub. L. 115-141, Div. U, Sec. 401(d)(3)(B)(ii), amended subpar. (E) by substituting “or 48C(b)(2)” for “48C(b)(2), or 48D(b)(4)”.
Subsec. (b)(2)(A). Pub. L. 115-141, Div. U, Sec. 401(a)(25), amended subpar. (A) by substituting a semicolon for the period at the end.
2013—Subsec. (a)(2)(E). Pub. L. 113-295, Div. A, Sec. 220(d), amended subpar. (E) by inserting “, 48A(b)(3), 48B(b)(3), 48C(b)(2), or 48D(b)(4)” after “in section 48(b)”.
2005—Subsec. (a)(2)(E). Pub. L. 109-135, Sec. 412(o), amended subpar. (E) by substituting “section 48(b)” for “section 48(a)(5)”.
2004--Subsec. (c)(3). Pub. L. 108-357, Sec. 322(d)(2)(D), amended par. (3) by striking “or reforestation credit”.
1998--Subsec. (a)(5)(C). Pub. L. 105-206, Sec. 6004(g)(7), amended subpar. (C) by substituting “this chapter” for “subpart A, B, D, or G”.
1996--Subsec. (a)(2)(C). Pub. L. 104-188, Sec. 1704(t)(29), substituted “subsection (d)(5)” for “subsection (c)(4)”.
Subsec. (a)(2)(E). Pub. L. 104-188, Sec. 1702(h)(11), substituted “section 48(a)(5)” for “section 48(a)(5)(A)”.
Subsec. (d). Pub. L. 104-188, Sec. 1616(b)(1), added the last sentence.
Amendments by Pub. L. 115-141, Div. U, Sec. 401(a)(25), (d)(3)(B)(ii), effective March 23, 2018.
Sec. 401(d)(3)(C) of Pub. L. 115-141, Div. U, provided the following Savings Provision:
“(C) SAVINGS PROVISION.—In the case of the repeal of section 48D(e)(1) of the Internal Revenue Code of 1986, the amendments made by this paragraph shall not apply to expenditures made in taxable years beginning before January 1, 2011.”
Amendment by Pub. L. 113-295, Div. A, Sec. 220(d), effective on the date of the enactment of this Act.
Amendment by Sec. 412(o) of Pub. L. 109-135 effective on the date of the enactment of this Act [Enacted: Dec. 21, 2005].
Amendment by Sec. 322(d)(2)(D) of Pub. L. 108-357 effective with respect to expenditures paid or incurred after the date of the enactment of this Act [Enacted: Oct. 22, 2004].
Amendment by Sec. 6004(g)(7) of Pub. L. 105-206 effective as if included in the provisions of the Taxpayer Relief Act of 1997 to which it relates [Effective Date of Pub. L. 105-34, Sec. 226: Obligations issued after December 31, 1997].
Amendment by Sec. 1616(b)(1) of Pub. L. 104-188 effective for taxable years beginning after December 31, 1995.
Amendment by Sec. 1702(h)(11) of Pub. L. 104-188 effective as if included in the related provision of the Revenue Reconcilation Act of 1990.
Section applicable to property placed in service after Dec. 31, 1990, but not applicable to any transition property (as defined in section 49(e) of this title), any property with respect to which qualified progress expenditures were previously taken into account under section 46(d) of this title, and any property described in section 46(b)(2)(C) of this title, as such sections were in effect on Nov. 4, 1990, see section 11813(c) of Pub. L. 101-508, set out as an Effective Date of 1990 Amendment note under section 29 of this title.
For provisions that nothing in this section be construed to affect treatment of certain transactions occurring, property acquired, or items of income, loss, deduction, or credit taken into account prior to Nov. 5, 1990, for purposes of determining liability for tax for periods ending after Nov. 5, 1990, see section 11821(b) of Pub. L. 101-508, set out as a note under section 29 of this title.
A prior section 50, Pub. L. 92-178, title I, Sec. 101(a), Dec. 10, 1971, 85 Stat. 498, which related to restoration of credit for investment in certain depreciable property, was repealed by Pub. L. 95-600, title III, Sec. 312(c)(1), Nov. 6, 1978, 92 Stat. 2826, applicable to taxable years ending after Dec. 31, 1978.