Source: https://law.justia.com/codes/us/2015/title-26/subtitle-a/chapter-1/subchapter-b/part-vi/sec.-169/
Timestamp: 2020-04-06 09:47:36
Document Index: 63338177

Matched Legal Cases: ['§ 169', '§704', '§104', '§3', '§1906', '§2112', '§1309', '§402', '§ 169', '§169', '§104', '§2', '§1251', '§1309', '§1906', '§1309', '§2112', '§2', '§704']

26 U.S.C. § 169 (2015) - Amortization of pollution control facilities :: Title 26 - Internal Revenue Code (Sections 1 - 9834) - US Code :: Justia
Justia US Law US Codes and Statutes US Code 2015 US Code Title 26 - Internal Revenue Code (Sections 1 - 9834) Subtitle A - Income Taxes (Sections 1 - 1564) Chapter 1 - Normal Taxes and Surtaxes (Sections 1 - 1400U-3) Subchapter B - Computation of Taxable Income (Sections 61 - 291) Part VI - Itemized Deductions for Individuals and Corporations (Sections 161 - 199) Sec. 169 - Amortization of pollution control facilities
Sec. 169 - Amortization of pollution control facilities
Source Credit Added Pub. L. 91-172, title VII, §704(a), Dec. 30, 1969, 83 Stat. 667; amended Pub. L. 92-178, title I, §104(f)(2), Dec. 10, 1971, 85 Stat. 502; Pub. L. 93-625, §3(a), Jan. 3, 1975, 88 Stat. 2109; Pub. L. 94-455, title XIX, §1906(b)(13)(A), title XXI, §2112(b), (c), Oct. 4, 1976, 90 Stat. 1834, 1906; Pub. L. 109-58, title XIII, §1309(a)-(d), Aug. 8, 2005, 119 Stat. 1007; Pub. L. 109-135, title IV, §402(e), Dec. 21, 2005, 119 Stat. 2611.
83 Stat. 667, 670
85 Stat. 502
90 Stat. 1834, 1907
119 Stat. 1007, 2611
Public and Private Laws Public Law 91-172, Public Law 92-178, Public Law 92-500, Public Law 93-625, Public Law 94-455, Public Law 95-95, Public Law 99-514, Public Law 109-58, Public Law 109-135
26 U.S.C. § 169 (2015)
§169. Amortization of pollution control facilities(a) Allowance of deduction
The term "certified pollution control facility" means a new identifiable treatment facility which is used, in connection with a plant or other property in operation before January 1, 1976, to abate or control water or atmospheric pollution or contamination by removing, altering, disposing, storing, or preventing the creation or omission of pollutants, contaminants, wastes, or heat and which—
(4) New identifiable treatment facility(A) In general
For purposes of paragraph (1), the term "new identifiable treatment facility" includes only tangible property (not including a building and its structural components, other than a building which is exclusively a treatment facility) which is of a character subject to the allowance for depreciation provided in section 167, which is identifiable as a treatment facility, and which is property—
(B) in the case of facility 1 placed in service in connection with a plant or other property placed in operation after December 31, 1975, this section shall be applied by substituting "84" for "60" each place it appears in subsections (a) and (b).
(f) Amortizable basis(1) Defined
[(h) Repealed. Pub. L. 92–178, title I, §104(f)(2), Dec. 10, 1971, 85 Stat. 502](i) Life tenant and remainderman
The Federal Water Pollution Control Act, as amended (33 U.S.C. 466 et seq.), referred to in subsec. (d)(1)(B), is act June 30, 1948, ch. 758, as amended generally by Pub. L. 92–500, §2, Oct. 18, 1972, 86 Stat. 816, which is classified generally to chapter 26 (§1251 et seq.) of Title 33, Navigation and Navigable Waters. The subject matter of section 13(a) of the act, referred to in subsec. (d)(2), is covered by section 1362(1) of Title 33. For complete classification of this Act to the Code, see Short Title note set out under section 1251 of Title 33 and Tables.
2005—Subsec. (d). Pub. L. 109–58, §1309(c), inserted "and special rules" after "Definitions" in heading.
1976—Subsecs. (b), (c). Pub. L. 94–455, §1906(b)(13)(A), struck out "or his delegate" after "Secretary".
1975—Subsec. (d)(4)(B). Pub. L. 93–625 substituted "January 1, 1976" for "January 1, 1975".
Pub. L. 109–58, title XIII, §1309(e), Aug. 8, 2005, 119 Stat. 1007, provided that: "The amendments made by this section [amending this section] shall apply to facilities placed in service after April 11, 2005."
Pub. L. 94–455, title XXI, §2112(d)(2), Oct. 4, 1976, 90 Stat. 1907, as amended by Pub. L. 99–514, §2, Oct. 22, 1986, 100 Stat. 2095, provided that: "The amendments made by subsection (b) [amending this section] shall apply to taxable years beginning after December 31, 1975. Such amendments shall not apply in the case of any property with respect to which the amortization period under section 169 of the Internal Revenue Code of 1986 [formerly I.R.C. 1954] has begun before January 1, 1976."
Pub. L. 91–172, title VII, §704(c), Dec. 30, 1969, 83 Stat. 670, provided that: "The amendments made by this section [enacting this section and amending sections 642, 1082, 1245, and 1250 of this title] shall apply with respect to taxable years ending after December 31, 1968."
1 So in original. Probably should be "a facility".