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U.S. Code, Title 26, Internal Revenue Code
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General SummaryThe U.S. Code is a consolidation and codification by subject matter of the general and permanent laws of the United States. While every effort has been made to ensure that this reproduction of the Code is accurate, those using it for legal purposes should verify their results against the printed version of the Code available through the Government Printing Office.
§ 1400j. Increase in Expensing Under Section 179
(a) In general
For purposes of section 1397A—
(1) a renewal community shall be treated as an empowerment zone,
(2) a renewal community business shall be treated as an enterprise zone business, and
(3) qualified renewal property shall be treated as qualified zone property.
(b) Qualified renewal property
For purposes of this section—
(1) In general
The term "qualified renewal property" means any property to which section 168 applies (or would apply but for section 179) if—
(A) such property was acquired by the taxpayer by purchase (as defined in section 179(d)(2)) after December 31, 2001, and before January 1, 2010, and
(B) such property would be qualified zone property (as defined in section 1397D) if references to renewal communities were substituted for references to empowerment zones in section 1397D.
(2) Certain rules to apply
The rules of subsections (a)(2) and (b) of section 1397D shall apply for purposes of this section.
(Added Pub. L. 106–554, § 1(a)(7) [title I, § 101(a)], Dec. 21, 2000, 114 Stat. 2763, 2763A–598.)
Section Referred to in Other Sections
This section is referred to in section 1400E of this title.
Contents:
Chicago: "U.S. Congress, Office of the Law Revision Counsel", "§ 1400j. Increase in Expensing Under Section 179," U.S. Code, Title 26, Internal Revenue Code in U.S. Code, Title 26, Internal Revenue Code (Washington, D.C.: Government Printing Office, 2002), Original Sources, accessed December 21, 2024, http://originalsources.com/Document.aspx?DocID=DB8NB9XAI4CQH7B.
MLA: "U.S. Congress, Office of the Law Revision Counsel". "§ 1400j. Increase in Expensing Under Section 179." U.S. Code, Title 26, Internal Revenue Code, in U.S. Code, Title 26, Internal Revenue Code, Washington, D.C., Government Printing Office, 2002, Original Sources. 21 Dec. 2024. http://originalsources.com/Document.aspx?DocID=DB8NB9XAI4CQH7B.
Harvard: "U.S. Congress, Office of the Law Revision Counsel", '§ 1400j. Increase in Expensing Under Section 179' in U.S. Code, Title 26, Internal Revenue Code. cited in 2002, U.S. Code, Title 26, Internal Revenue Code, Government Printing Office, Washington, D.C.. Original Sources, retrieved 21 December 2024, from http://originalsources.com/Document.aspx?DocID=DB8NB9XAI4CQH7B.
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