Source: http://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title26-section174&num=0&edition=prelim
Timestamp: 2018-04-21 08:03:41
Document Index: 124537298

Matched Legal Cases: ['§ 174', '§174', '§1901', '§201', '§201', '§201', '§306', '§701', '§1007', '§7110', '§221', '§13206', '§13206', '§174', '§221', '§201', '§1906', '§13206', '§223', '§2']

[USC03] 26 USC 174: Research and experimental expenditures
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26 USC 174: Research and experimental expenditures Text contains those laws in effect on April 20, 2018
§174. Research and experimental expenditures
(2) When method may be adopted
(b) Amortization of certain research and experimental expenditures
At the election of the taxpayer, made in accordance with regulations prescribed by the Secretary, research or experimental expenditures which are-
(Aug. 16, 1954, ch. 736, 68A Stat. 66 ; Pub. L. 94–455, title XIX, §§1901(a)(30), 1906(b)(13)(A), Oct. 4, 1976, 90 Stat. 1769 , 1834; Pub. L. 97–248, title II, §201(d)(9)(B) formerly §201(c)(9)(B), Sept. 3, 1982, 96 Stat. 420 , renumbered §201(d)(9)(B), Pub. L. 97–448, title III, §306(a)(1)(A)(i), Jan. 12, 1983, 96 Stat. 2400 ; amended Pub. L. 99–514, title VII, §701(e)(4)(D), Oct. 22, 1986, 100 Stat. 2343 ; Pub. L. 100–647, title I, §1007(g)(5), Nov. 10, 1988, 102 Stat. 3435 ; Pub. L. 101–239, title VII, §7110(d), Dec. 19, 1989, 103 Stat. 2325 ; Pub. L. 113–295, div. A, title II, §221(a)(31), (32), Dec. 19, 2014, 128 Stat. 4042 ; Pub. L. 115–97, title I, §13206(a), Dec. 22, 2017, 131 Stat. 2111 .)
Pub. L. 115–97, title I, §13206(a), (e), Dec. 22, 2017, 131 Stat. 2111 , 2113, provided that, applicable to amounts paid or incurred in taxable years beginning after Dec. 31, 2021, with additional provision relating to change in method of accounting applicable in taxable years beginning after Dec. 31, 2021, this section is amended to read as follows:
§174. Amortization of research and experimental expenditures
In the case of a taxpayer's specified research or experimental expenditures for any taxable year-
(2) the taxpayer shall-
(1) Land and other property
2017-Pub. L. 115–97 amended section generally. Prior to amendment, section consisted of subsecs. (a) to (f) relating to treatment of research and experimental expenditures as expenses, amortization of certain research and experimental expenditures, expenditure for the acquisition or improvement of land or property, ore and mineral deposit exploration expenditures, limitation to reasonable research expenditures eligible, and cross references, respectively.
2014-Subsec. (a)(2)(A). Pub. L. 113–295, §221(a)(31), amended subpar. (A) generally. Prior to amendment, text read as follows: "A taxpayer may, without the consent of the Secretary, adopt the method provided in this subsection for his first taxable year-
1989-Subsecs. (e), (f). Pub. L. 101–239 added subsec. (e) and redesignated former subsec. (e) as (f).
1988-Subsec. (e)(2). Pub. L. 100–647 substituted "section 59(e)" for "section 59(d)".
1986-Subsec. (e)(2). Pub. L. 99–514 substituted "section 59(d)" for "section 58(i)".
1982-Subsec. (e). Pub. L. 97–248, §201(d)(9)(B), substituted "Cross references" for "Cross reference" in heading, designated existing provisions as par. (1), and added par. (2).
1976-Subsec. (a)(2)(A). Pub. L. 94–455, §1906(b)(13)(A), struck out "or his delegate" after "Secretary".
Pub. L. 115–97, title I, §13206(b), Dec. 22, 2017, 131 Stat. 2112 , provided that: "The amendments made by subsection (a) [amending this section] shall be treated as a change in method of accounting for purposes of section 481 of the Internal Revenue Code of 1986 and-
Pub. L. 97–34, title II, §223(a), Aug. 13, 1981, 95 Stat. 249 , as amended by Pub. L. 99–514, §2, Oct. 22, 1986, 100 Stat. 2095 , provided that: "In the case of the taxpayer's first 2 taxable years beginning within 2 years after the date of the enactment of this Act [Aug. 13, 1981], all research and experimental expenditures (within the meaning of section 174 of the Internal Revenue Code of 1986 [formerly I.R.C. 1954]) which are paid or incurred in such year for research activities conducted in the United States shall be allocated or apportioned to sources within the United States."