Puspan. L. 117–169, title I, § 13703, Aug. 16, 2022, 136 Stat. 1997, provided that, applicable to facilities and property placed in service after Dec. 31, 2024, subsection (e)(3)(B) of this section is amended:

(1) in clause (vi)(III), by striking “and” at the end,

(2) in clause (vii), by striking the period at the end and inserting “, and”, and

(3) by inserting after clause (vii) the following:

(viii) any qualified facility (as defined in section 45Y(span)(1)(A)), any qualified property (as defined in subsection (span)(2) of section 48E) which is a qualified investment (as defined in subsection (span)(1) of such section), or any energy storage technology (as defined in subsection (c)(2) of such section).

See 2022 Amendment note below.

Paragraph (2)(D), referred to in subsec. (span)(5), means par. (2)(D) of subsec. (span) of this section, which was redesignated par. (2)(C) of subsec. (span) by Puspan. L. 115–97, title I, § 13203(span), Dec. 22, 2017, 131 Stat. 2109.

The date of the enactment of the Revenue Reconciliation Act of 1990, referred to in subsecs. (e)(3)(B)(vi)(II), (III), (g)(4)(K), and (i)(1), is the date of enactment of Puspan. L. 101–508, which was approved Nov. 5, 1990.

Section 168(e) as in effect before the amendments made by the Tax Reform Act of 1986, referred to in subsec. (f)(5)(A)(i), is subsec. (e) of this section prior to the general amendment of this section by Puspan. L. 99–514.

The date of the enactment of this paragraph, referred to in subsec. (f)(5)(B)(ii)(I), probably means the date of enactment of Puspan. L. 99–514, which was approved Oct. 22, 1986.

The Tax Reform Act of 1986, referred to in subsecs. (f)(5)(B)(iii), (C) and (i)(7)(A), is Puspan. L. 99–514, section 201(a) of which amended this section generally.

The Communications Satellite Act of 1962, referred to in subsec. (i)(10)(C), is Puspan. L. 87–624, Aug. 31, 1962, 76 Stat. 419, which is classified generally to chapter 6 (§ 701 et seq.) of Title 47, Telecommunications. For complete classification of this Act to the Code, see Short Title note set out under section 701 of Title 47 and Tables.

The date of the enactment of this sentence, referred to in subsec. (j)(6), is the date of enactment of Puspan. L. 105–34, which was approved Aug. 5, 1997.

The date of the enactment of this paragraph, referred to in subsec. (j)(7), is the date of enactment of Puspan. L. 103–66, which was approved Aug. 10, 1993.

The date of the enactment of this subsection, referred to in subsec. (l)(2)(B), (C), is the date of enactment of Puspan. L. 109–432, which was approved Dec. 20, 2006.

Par. (3) of section 165(h), referred to in subsec. (n)(3)(B), (C), was repealed by Puspan. L. 113–295, div. A, title II, § 221(a)(27)(A), Dec. 19, 2014, 128 Stat. 4040. However, the terms “federally declared disaster” and “disaster area” are defined elsewhere in that section.

Puspan. L. 110–234 and Puspan. L. 110–246 made identical amendments to this section. The amendments by Puspan. L. 110–234 were repealed by section 4(a) of Puspan. L. 110–246.

A prior section 168, acts Aug. 16, 1954, ch. 746, 68A Stat. 52; Aug. 26, 1957, Puspan. L. 85–165, § 4, 71 Stat. 414; Sept. 2, 1958, Puspan. L. 85–866, title I, § 9(a), (span), 72 Stat. 1608, 1609, related to deductions with respect to amortization of emergency facilities, prior to repeal by Puspan. L. 94–455, title XIX, § 1951(span)(4)(A), Oct. 4, 1976, 90 Stat. 1837.

Puspan. L. 94–455, title XIX, § 1951(span)(4)(B), Oct. 4, 1976, 90 Stat. 1837, provided that: “Notwithstanding the repeal made by subparagraph (A) [repealing former section 168], if a certificate was issued before January 1, 1960, with respect to an emergency facility which is or has been placed in service before the date of the enactment of this Act [Oct. 4, 1976], the provisions of [former] section 168 shall not, with respect to such facility, be considered repealed. The benefit of deductions by reason of the preceding sentence shall be allowed to estates and trusts in the same manner as in the case of an individual. The allowable deduction shall be apportioned between the income beneficiaries and the fiduciary in accordance with regulations prescribed under section 642(f).”

2022—Subsec. (e)(3)(B)(viii). Puspan. L. 117–169 added cl. (viii).

2020—Subsec. (e)(3)(A)(i)(I). Puspan. L. 116–260, § 137(a)(1), substituted “January 1, 2022” for “January 1, 2021”.

Subsec. (e)(3)(A)(i)(II). Puspan. L. 116–260, § 137(a)(2), substituted “December 31, 2021” for “December 31, 2020”.

Subsec. (e)(3)(E)(vii). Puspan. L. 116–136, § 2307(a)(1)(A), added cl. (vii).

Subsec. (e)(6)(A). Puspan. L. 116–136, § 2307(a)(1)(B), inserted “made by the taxpayer” after “any improvement”.

Subsec. (g)(3)(B). Puspan. L. 116–136, § 2307(a)(2), struck out table item relating to subpar. (D)(v) and inserted table item relating to subpar. (E)(vii).

Subsec. (i)(15)(D). Puspan. L. 116–260, § 115(a), substituted “December 31, 2025” for “December 31, 2020”.

Subsec. (j)(9). Puspan. L. 116–260, § 138(a), substituted “December 31, 2021” for “December 31, 2020”.

2019—Subsec. (e)(3)(A)(i)(I). Puspan. L. 116–94, § 114(a)(1), substituted “January 1, 2021” for “January 1, 2018”.

Subsec. (e)(3)(A)(i)(II). Puspan. L. 116–94, § 114(a)(2), substituted “December 31, 2020” for “December 31, 2017”.

Subsec. (i)(15)(D). Puspan. L. 116–94, § 115(a), substituted “December 31, 2020” for “December 31, 2017”.

Subsec. (j)(9). Puspan. L. 116–94, § 116(a), substituted “December 31, 2020” for “December 31, 2017”.

Subsec. (l)(2)(D). Puspan. L. 116–94, § 130(a), substituted “January 1, 2021” for “January 1, 2018”.

2018—Subsec. (d)(3)(B)(i). Puspan. L. 115–141, § 401(a)(49), inserted comma after “real property”.

Subsec. (e)(3)(A)(i)(I). Puspan. L. 115–123, § 40304(a)(1), substituted “January 1, 2018” for “January 1, 2017”.

Subsec. (e)(3)(A)(i)(II). Puspan. L. 115–123, § 40304(a)(2), substituted “December 31, 2017” for “December 31, 2016”.

Subsec. (e)(3)(B). Puspan. L. 115–141, § 302(a)(2), substituted “subclause (I) or (II) of clause (vi) by reason of being public utility property.” for “clause (vi)(I) (or the corresponding provisions of prior law) by reason of being public utility property (within the meaning of section 48(a)(3)).” in concluding provisions.

Subsec. (e)(3)(B)(vi)(II). Puspan. L. 115–141, § 302(a)(1), substituted “has a power production capacity of not greater than 80 megawatts, or” for “is a qualifying small power production facility within the meaning of section 3(17)(C) of the Federal Power Act (16 U.S.C. 796(17)(C)), as in effect on September 1, 1986, or”.

Subsec. (e)(3)(C)(i). Puspan. L. 115–141, § 401(a)(50), struck out “and” at end.

Subsec. (g)(4)(G). Puspan. L. 115–141, § 401(d)(1)(D)(iv), struck out “(other than a corporation which has an election in effect under section 936)” after “domestic corporation”.

Subsec. (i)(15)(D). Puspan. L. 115–123, § 40305(a), substituted “December 31, 2017” for “December 31, 2016”.

Subsec. (j)(3). Puspan. L. 115–141, § 101(e)(1), substituted “qualified Indian reservation property” for “property to which paragraph (1) applies”.

Subsec. (j)(8). Puspan. L. 115–141, § 101(e)(2), substituted “paragraph (1)” for “this subsection”.

Subsec. (j)(9). Puspan. L. 115–123, § 40306(a), substituted “December 31, 2017” for “December 31, 2016”.

Subsec. (k)(2)(B)(i)(III). Puspan. L. 115–141, § 101(d)(1), inserted “binding” before “contract”.

Subsec. (k)(5)(B)(ii). Puspan. L. 115–141, § 101(d)(2), inserted “crop or” after “more than one” and “a marketable crop or yield of” after “begins bearing”.

Subsec. (l)(2)(D). Puspan. L. 115–123, § 40412(a), substituted “January 1, 2018” for “January 1, 2017”.

Subsec. (n). Puspan. L. 115–141, § 401(span)(13)(A), struck out subsec. (n) which related to special allowance for qualified disaster assistance property.

2017—Subsec. (span)(2)(B) to (D). Puspan. L. 115–97, § 13203(span), redesignated subpars. (C) and (D) as (B) and (C), respectively, and struck out former subpar. (B) which read as follows: “any property used in a farming business (within the meaning of section 263A(e)(4)),”.

Subsec. (span)(3)(G) to (I). Puspan. L. 115–97, § 13204(a)(2), added subpar. (G) and struck out former subpars. (G) to (I) which read as follows:

“(G) Qualified leasehold improvement property described in subsection (e)(6).

“(H) Qualified restaurant property described in subsection (e)(7).

“(I) Qualified retail improvement property described in subsection (e)(8).”

Subsec. (e)(3)(B)(vii). Puspan. L. 115–97, § 13203(a), substituted “after December 31, 2017” for “after December 31, 2008, and which is placed in service before January 1, 2010”.

Subsec. (e)(3)(E)(iv) to (ix). Puspan. L. 115–97, § 13204(a)(1)(A), redesignated cls. (vi) to (viii) as (iv) to (vi), respectively, and struck out former cls. (iv), (v), and (ix) which read as follows:

“(iv) any qualified leasehold improvement property,

“(v) any qualified restaurant property,

“(ix) any qualified retail improvement property.”

Subsec. (e)(6). Puspan. L. 115–97, § 13204(a)(1)(B), (4)(B)(i), added par. (6) and struck out former par. (6) which defined “qualified leasehold improvement property”.

Subsec. (e)(7), (8). Puspan. L. 115–97, § 13204(a)(1)(B), struck out pars. (7) and (8) which defined “qualified restaurant property” and “qualified retail improvement property”, respectively.

Subsec. (g)(1)(F). Puspan. L. 115–97, § 13204(a)(3)(A)(i), added subpar. (F).

Subsec. (g)(1)(G). Puspan. L. 115–97, § 13205(a), added subpar. (G).

Subsec. (g)(2)(C)(iii) to (v). Puspan. L. 115–97, § 13204(a)(3)(C), added items (iii) to (v) in table and struck out former items (iii) and (iv) which related to nonresidential real and residential rental property and any railroad grading or tunnel bore or water utility property, respectively.

Subsec. (g)(3)(B). Puspan. L. 115–97, § 13204(a)(3)(B), inserted table items relating to subpars. (D)(v) and (E)(iv) to (vi) and struck out table items relating to subpar. (E)(iv) to (ix).

Subsec. (g)(8). Puspan. L. 115–97, § 13204(a)(3)(A)(ii), added par. (8).

Subsec. (i)(7)(B). Puspan. L. 115–97, § 13504(span)(1), struck out concluding provisions which read as follows: “Subparagraph (A) shall not apply in the case of a termination of a partnership under section 708(span)(1)(B).”

Subsec. (k). Puspan. L. 115–97, § 13201(span)(2)(B), struck out “acquired after December 31, 2007, and before January 1, 2020” after “property” in span.

Subsec. (k)(1)(A). Puspan. L. 115–97, § 13201(a)(1)(A), substituted “the applicable percentage” for “50 percent”.

Subsec. (k)(2)(A)(i)(IV). Puspan. L. 115–97, § 13201(g)(1), added subcl. (IV). Subcl. (IV) was added to cl. (i) after former subcl. (IV) was struck out by Puspan. L. 115–97, § 13204(a)(4)(A), in view of directory language amending cl. (i) “as amended by section 13204”. See below.

Puspan. L. 115–97, § 13204(a)(4)(A), struck out subcl. (IV) which read as follows: “which is qualified improvement property,”.

Subsec. (k)(2)(A)(i)(V). Puspan. L. 115–97, § 13201(g)(1), added subcl. (V).

Subsec. (k)(2)(A)(ii). Puspan. L. 115–97, § 13201(c)(1), amended cl. (ii) generally. Prior to amendment, cl. (ii) read as follows: “the original use of which commences with the taxpayer, and”.

Subsec. (k)(2)(A)(iii). Puspan. L. 115–97, § 13201(span)(1)(A)(i), substituted “January 1, 2027” for “January 1, 2020”.

Subsec. (k)(2)(B)(i)(II). Puspan. L. 115–97, § 13201(span)(1)(A)(ii)(I), substituted “January 1, 2028” for “January 1, 2021”.

Subsec. (k)(2)(B)(i)(III). Puspan. L. 115–97, § 13201(span)(1)(A)(i), substituted “January 1, 2027” for “January 1, 2020”.

Subsec. (k)(2)(B)(ii). Puspan. L. 115–97, § 13201(span)(1)(A)(ii)(II), substituted “pre-January 1, 2027” for “pre-January 1, 2020” in span.

Puspan. L. 115–97, § 13201(span)(1)(A)(i), substituted “January 1, 2027” for “January 1, 2020”.

Subsec. (k)(2)(E)(i). Puspan. L. 115–97, § 13201(span)(1)(A)(i), substituted “January 1, 2027” for “January 1, 2020”.

Subsec. (k)(2)(E)(ii). Puspan. L. 115–97, § 13201(c)(2), amended cl. (ii) generally. Prior to amendment, text read as follows: “For purposes of clause (iii) and subparagraph (A)(ii), if property is—

“(I) originally placed in service by a person, and

“(II) sold and leased back by such person within 3 months after the date such property was originally placed in service,

such property shall be treated as originally placed in service not earlier than the date on which such property is used under the leaseback referred to in subclause (II).”

Subsec. (k)(2)(E)(iii)(I). Puspan. L. 115–97, § 13201(c)(3), amended subcl. (I) generally. Prior to amendment subcl. (I) read as follows: “property is originally placed in service by the lessor of such property,”.

Subsec. (k)(2)(F)(iii). Puspan. L. 115–97, § 13201(f), substituted “acquired by the taxpayer before September 28, 2017, and placed in service by the taxpayer after September 27, 2017” for “placed in service by the taxpayer after December 31, 2017” in introductory provisions.

Subsec. (k)(2)(H). Puspan. L. 115–97, § 13201(g)(2), added subpar. (H).

Subsec. (k)(3). Puspan. L. 115–97, § 13204(a)(4)(B)(ii), struck out par. (3) which defined “qualified improvement property”.

Subsec. (k)(4). Puspan. L. 115–97, § 12001(span)(13), struck out par. (4) which related to election to accelerate AMT credits in lieu of bonus depreciation.

Subsec. (k)(5)(A). Puspan. L. 115–97, § 13201(span)(1)(B), substituted “January 1, 2027” for “January 1, 2020” in introductory provisions.

Subsec. (k)(5)(A)(i). Puspan. L. 115–97, § 13201(a)(1)(B), substituted “the applicable percentage” for “50 percent”.

Subsec. (k)(5)(F). Puspan. L. 115–97, § 13201(a)(3)(A), struck out subpar. (F). Text read as follows: “In the case of a specified plant which is planted after December 31, 2017 (or is grafted to a plant that has already been planted before such date), subparagraph (A)(i) shall be applied by substituting for ‘50 percent’—

“(i) in the case of a plant which is planted (or so grafted) in 2018, ‘40 percent’, and

“(ii) in the case of a plant which is planted (or so grafted) during 2019, ‘30 percent’.”

Subsec. (k)(6). Puspan. L. 115–97, § 13201(a)(2), amended par. (6) generally. Prior to amendment, text read as follows: “In the case of qualified property placed in service by the taxpayer after December 31, 2017, paragraph (1)(A) shall be applied by substituting for ‘50 percent’—

“(A) in the case of property placed in service in 2018 (or in the case of property placed in service in 2019 and described in paragraph (2)(B) or (C) (determined by substituting ‘2019’ for ‘2020’ in paragraphs (2)(B)(i)(III) and (ii) and paragraph (2)(E)(i)), ‘40 percent’,

“(B) in the case of property placed in service in 2019 (or in the case of property placed in service in 2020 and described in paragraph (2)(B) or (C), ‘30 percent’.”

Subsec. (k)(8). Puspan. L. 115–97, § 13201(a)(3)(B), added par. (8).

Subsec. (k)(9). Puspan. L. 115–97, § 13201(d), added par. (9).

Subsec. (k)(10). Puspan. L. 115–97, § 13201(e), added par. (10).

2015—Subsec. (e)(3)(A)(i)(I). Puspan. L. 114–113, § 165(a)(1), substituted “January 1, 2017” for “January 1, 2015”.

Subsec. (e)(3)(A)(i)(II). Puspan. L. 114–113, § 165(a)(2), substituted “December 31, 2016” for “December 31, 2014”.

Subsec. (e)(3)(E)(iv), (v). Puspan. L. 114–113, § 123(a), struck out “placed in service before January 1, 2015” after “property”.

Subsec. (e)(3)(E)(ix). Puspan. L. 114–113, § 123(span), struck out “placed in service after December 31, 2008, and before January 1, 2015” after “property”.

Subsec. (e)(6). Puspan. L. 114–113, § 143(span)(6)(A), in introductory provisions, substituted “For purposes of this subsection—” for “The term ‘qualified leasehold improvement property’ has the meaning given such term in section 168(k)(3) except that the following special rules shall apply:”; added subpars. (A) to (C) and redesignated former subpars. (A) and (B) as (D) and (E), respectively; and, in subpar. (E), substituted “subparagraph (D)” for “subparagraph (A)” in introductory provisions.

Subsec. (e)(7)(B). Puspan. L. 114–113, § 143(span)(6)(B), substituted “qualified improvement property” for “qualified leasehold improvement property”.

Subsec. (e)(8)(D). Puspan. L. 114–113, § 143(span)(6)(C), struck out subpar. (D). Text read as follows: “Property described in this paragraph which is not qualified leasehold improvement property shall not be considered qualified property for purposes of subsection (k).”

Subsec. (i)(15)(D). Puspan. L. 114–113, § 166(a), substituted “December 31, 2016” for “December 31, 2014”.

Subsec. (j)(8). Puspan. L. 114–113, § 167(span), added par. (8). Former par. (8) redesignated (9).

Puspan. L. 114–113, § 167(a), substituted “December 31, 2016” for “December 31, 2014”.

Subsec. (j)(9). Puspan. L. 114–113, § 167(span), redesignated par. (8) as (9).

Subsec. (k). Puspan. L. 114–113, § 143(span)(6)(J), substituted “and before January 1, 2020” for “and before January 1, 2016” in span.

Puspan. L. 114–113, § 143(a)(4)(A), substituted “January 1, 2016” for “January 1, 2015” in span.

Subsec. (k)(2). Puspan. L. 114–113, § 143(span)(1), amended par. (2) generally. Prior to amendment, par. (2) related to meaning of qualified property for purposes of subsec. (k).

Puspan. L. 114–113, § 143(a)(1)(B), substituted “January 1, 2016” for “January 1, 2015” wherever appearing.

Subsec. (k)(2)(A)(iv). Puspan. L. 114–113, § 143(a)(1)(A), substituted “January 1, 2017” for “January 1, 2016”.

Subsec. (k)(2)(B)(ii). Puspan. L. 114–113, § 143(a)(4)(B), substituted “pre-January 1, 2016” for “pre-January 1, 2015” in span.

Subsec. (k)(3). Puspan. L. 114–113, § 143(span)(2), amended par. (3) generally. Prior to amendment, par. (3) related to meaning of qualified leasehold improvement property for purposes of subsec. (k).

Subsec. (k)(4). Puspan. L. 114–113, § 143(span)(3), amended par. (4) generally. Prior to amendment, par. (4) related to election to accelerate the AMT and research credits in lieu of bonus depreciation.

Subsec. (k)(4)(D)(iii)(II). Puspan. L. 114–113, § 143(a)(3)(A), substituted “January 1, 2016” for “January 1, 2015”.

Subsec. (k)(4)(L). Puspan. L. 114–113, § 143(a)(3)(B), added subpar. (L).

Subsec. (k)(5). Puspan. L. 114–113, § 143(span)(4)(B), added par. (5).

Puspan. L. 114–113, § 143(span)(4)(A), struck out par. (5). Text read as follows: “In the case of qualified property acquired by the taxpayer (under rules similar to the rules of clauses (ii) and (iii) of paragraph (2)(A)) after September 8, 2010, and before January 1, 2012, and which is placed in service by the taxpayer before January 1, 2012 (January 1, 2013, in the case of property described in subparagraph (2)(B) or (2)(C)), paragraph (1)(A) shall be applied by substituting ‘100 percent’ for ‘50 percent’.”

Subsec. (k)(6). Puspan. L. 114–113, § 143(span)(5), added par. (6).

Subsec. (k)(7). Puspan. L. 114–113, § 143(span)(6)(D), added par. (7).

Subsec. (l)(2)(D). Puspan. L. 114–113, § 189(a), substituted “January 1, 2017” for “January 1, 2015”.

Subsec. (l)(3)(A). Puspan. L. 114–113, § 143(span)(6)(E)(i), substituted “subsection (k)” for “section 168(k)”.

Subsec. (l)(3)(B). Puspan. L. 114–113, § 143(span)(6)(E)(ii), substituted “subsection (k)(2)(D)” for “section 168(k)(2)(D)(i)”.

Subsec. (l)(4). Puspan. L. 114–113, § 143(span)(6)(F), substituted “subsection (k)(2)(E) shall apply.” for “subparagraph (E) of section 168(k)(2) shall apply, except that such subparagraph shall be applied—

“(A) by substituting ‘the date of the enactment of subsection (l)’ for ‘December 31, 2007’ each place it appears therein, and

“(B) by substituting ‘qualified second generation biofuel plant property’ for ‘qualified property’ in clause (iv) thereof.”

Subsec. (l)(5). Puspan. L. 114–113, § 143(span)(6)(G), substituted “subsection (k)(2)(G)” for “section 168(k)(2)(G)”.

2014—Subsec. (span)(5). Puspan. L. 113–295, § 210(g)(2)(A), substituted “paragraph (2)(D)” for “paragraph (2)(C)”.

Subsec. (e)(3)(A)(i)(I). Puspan. L. 113–295, § 121(a)(1), substituted “January 1, 2015” for “January 1, 2014”.

Subsec. (e)(3)(A)(i)(II). Puspan. L. 113–295, § 121(a)(2), substituted “December 31, 2014” for “December 31, 2013”.

Subsec. (e)(3)(E)(iv), (v), (ix). Puspan. L. 113–295, § 122(a), substituted “January 1, 2015” for “January 1, 2014”.

Subsec. (e)(7)(B), (8)(D). Puspan. L. 113–295, § 211(span), inserted “which is not qualified leasehold improvement property” after “Property described in this paragraph”.

Subsec. (i)(15)(D). Puspan. L. 113–295, § 123(a), substituted “December 31, 2014” for “December 31, 2013”.

Subsec. (i)(18)(A)(ii), (19)(A)(ii). Puspan. L. 113–295, § 210(c), substituted “16 years” for “10 years”.

Subsec. (j)(8). Puspan. L. 113–295, § 124(a), substituted “December 31, 2014” for “December 31, 2013”.

Subsec. (k). Puspan. L. 113–295, § 125(d)(1), substituted “January 1, 2015” for “January 1, 2014” in span.

Subsec. (k)(2). Puspan. L. 113–295, § 125(a)(2), substituted “January 1, 2015” for “January 1, 2014” wherever appearing.

Subsec. (k)(2)(A)(iv). Puspan. L. 113–295, § 125(a)(1), substituted “January 1, 2016” for “January 1, 2015”.

Subsec. (k)(2)(B)(i)(IV). Puspan. L. 113–295, § 214(span), substituted “clause also applies” for “clauses also apply”.

Subsec. (k)(2)(B)(ii). Puspan. L. 113–295, § 125(d)(2), substituted “pre-January 1, 2015” for “pre-January 1, 2014” in span.

Subsec. (k)(4)(C)(i). Puspan. L. 113–295, § 210(g)(2)(B), substituted “subsection (span)(2)(D)” for “subsection (span)(2)(C)” in concluding provisions.

Subsec. (k)(4)(D)(iii)(II). Puspan. L. 113–295, § 125(c)(1), substituted “January 1, 2015” for “January 1, 2014”.

Subsec. (k)(4)(E)(iv). Puspan. L. 113–295, § 212(span), substituted “adjusted net minimum tax” for “adjusted minimum tax”.

Subsec. (k)(4)(J)(iii). Puspan. L. 113–295, § 202(e), substituted “its first taxable year ending after December 31, 2010” for “any taxable year ending after December 31, 2010” in introductory provisions.

Subsec. (k)(4)(K). Puspan. L. 113–295, § 125(c)(2), added subpar. (K).

Subsec. (l)(2)(D). Puspan. L. 113–295, § 157(a), substituted “January 1, 2015” for “January 1, 2014”.

Subsec. (m)(2)(B)(i). Puspan. L. 113–295, § 210(d), substituted “subsection (k) (determined without regard to paragraph (4) thereof)” for “section 168(k)”.

Subsec. (n)(2)(C)(ii). Puspan. L. 113–295, § 125(d)(3), substituted “January 1, 2015” for “January 1, 2014”.

2013—Subsec. (e)(3)(E)(iv), (v), (ix). Puspan. L. 112–240, § 311(a), substituted “January 1, 2014” for “January 1, 2012”.

Subsec. (i)(9)(A)(ii). Puspan. L. 112–240, § 331(d), inserted “(respecting all elections made by the taxpayer under this section)” after “such property”.

Subsec. (i)(15)(D). Puspan. L. 112–240, § 312(a), substituted “December 31, 2013” for “December 31, 2011”.

Subsec. (j)(8). Puspan. L. 112–240, § 313(a), substituted “December 31, 2013” for “December 31, 2011”.

Subsec. (k). Puspan. L. 112–240, § 331(e)(1), substituted “January 1, 2014” for “January 1, 2013” in span.

Subsec. (k)(2). Puspan. L. 112–240, § 331(a)(2), substituted “January 1, 2014” for “January 1, 2013” wherever appearing.

Subsec. (k)(2)(A)(iv). Puspan. L. 112–240, § 331(a)(1), substituted “January 1, 2015” for “January 1, 2014”.

Subsec. (k)(2)(B)(ii). Puspan. L. 112–240, § 331(e)(2), substituted “pre-January 1, 2014” for “pre-January 1, 2013” in span.

Subsec. (k)(4)(D)(iii)(II). Puspan. L. 112–240, § 331(c)(1), substituted “2014” for “2013”.

Subsec. (k)(4)(J). Puspan. L. 112–240, § 331(c)(2), added subpar. (J).

Subsec. (l). Puspan. L. 112–240, § 410(span)(2)(C), substituted “second generation” for “cellulosic” in span.

Puspan. L. 112–240, § 410(span)(2)(A), substituted “second generation biofuel” for “cellulosic biofuel” wherever appearing in text.

Subsec. (l)(2). Puspan. L. 112–240, § 410(span)(2)(D), substituted “second generation” for “cellulosic” in span.

Subsec. (l)(2)(A). Puspan. L. 112–240, § 410(span)(1), substituted “solely to produce second generation biofuel (as defined in section 40(span)(6)(E))” for “solely to produce cellulosic biofuel”.

Subsec. (l)(2)(D). Puspan. L. 112–240, § 410(a)(1), substituted “January 1, 2014” for “January 1, 2013”.

Subsec. (l)(3) to (8). Puspan. L. 112–240, § 410(span)(2)(B), redesignated pars. (4) to (8) as (3) to (7), respectively, and struck out former par. (3). Text read as follows: “The term ‘cellulosic biofuel’ means any liquid fuel which is produced from any lignocellulosic or hemicellulosic matter that is available on a renewable or recurring basis.”

Subsec. (n)(2)(C)(ii). Puspan. L. 112–240, § 331(e)(3), substituted “January 1, 2014” for “January 1, 2013”.

2010—Subsec. (e)(3)(E)(iv), (v), (ix). Puspan. L. 111–312, § 737(a), substituted “January 1, 2012” for “January 1, 2010”.

Subsec. (e)(7)(A)(i). Puspan. L. 111–312, § 737(span)(1), struck out “if such building is placed in service after December 31, 2008, and before January 1, 2010,” after “building,”.

Subsec. (e)(8)(E). Puspan. L. 111–312, § 737(span)(2), struck out subpar. (E). Text read as follows: “Such term shall not include any improvement placed in service after December 31, 2009.”

Subsec. (i)(15)(D). Puspan. L. 111–312, § 738(a), substituted “December 31, 2011” for “December 31, 2009”.

Subsec. (j)(8). Puspan. L. 111–312, § 739(a), substituted “December 31, 2011” for “December 31, 2009”.

Subsec. (k). Puspan. L. 111–312, § 401(d)(1), substituted “January 1, 2013” for “January 1, 2011” in span.

Puspan. L. 111–240, § 2022(span)(1), substituted “January 1, 2011” for “January 1, 2010” in span.

Subsec. (k)(2)(A)(iii). Puspan. L. 111–312, § 401(a)(2), substituted “January 1, 2013” for “January 1, 2011” in subcls. (I) and (II).

Puspan. L. 111–240, § 2022(a)(2), substituted “January 1, 2011” for “January 1, 2010” in subcls. (I) and (II).

Subsec. (k)(2)(A)(iv). Puspan. L. 111–312, § 401(a), substituted “January 1, 2013” for “January 1, 2011” and “January 1, 2014” for “January 1, 2012”.

Puspan. L. 111–240, § 2022(a), substituted “January 1, 2011” for “January 1, 2010” and “January 1, 2012” for “January 1, 2011”.

Subsec. (k)(2)(B)(ii). Puspan. L. 111–312, § 401(a)(2), (d)(2), substituted “pre-January 1, 2013” for “pre-January 1, 2011” in span and “January 1, 2013” for “January 1, 2011” in text.

Puspan. L. 111–240, § 2022(a)(2), (span)(2), substituted “pre-January 1, 2011” for “pre-January 1, 2010” in span and “January 1, 2011” for “January 1, 2010” in text.

Subsec. (k)(2)(E)(i). Puspan. L. 111–312, § 401(a)(2), substituted “January 1, 2013” for “January 1, 2011”.

Puspan. L. 111–240, § 2022(a)(2), substituted “January 1, 2011” for “January 1, 2010”.

Subsec. (k)(4)(D)(ii). Puspan. L. 111–312, § 401(d)(3)(B), inserted “and” at the end.

Subsec. (k)(4)(D)(iii). Puspan. L. 111–312, § 401(d)(3)(C), substituted period for comma at the end.

Puspan. L. 111–312, § 401(c)(1), substituted “or production—” for “or production after March 31, 2008, and before January 1, 2010, shall be taken into account under subparagraph (B)(ii) thereof,” and added subcls. (I) and (II) and concluding provisions.

Subsec. (k)(4)(D)(iv), (v). Puspan. L. 111–312, § 401(d)(3)(A), struck out cls. (iv) and (v) which read as follows:

“(iv) ‘January 1, 2011’ shall be substituted for ‘January 1, 2012’ in subparagraph (A)(iv) thereof, and

“(v) ‘January 1, 2010’ shall be substituted for ‘January 1, 2011’ each place it appears in subparagraph (A) thereof.”

Puspan. L. 111–240, § 2022(span)(3), added cls. (iv) and (v).

Subsec. (k)(4)(I). Puspan. L. 111–312, § 401(c)(2), added subpar. (I).

Subsec. (k)(5). Puspan. L. 111–312, § 401(span), added par. (5).

Subsec. (l)(5)(A). Puspan. L. 111–312, § 401(d)(4)(A), inserted “and” at the end.

Subsec. (l)(5)(B). Puspan. L. 111–312, § 401(d)(4)(B), (C), redesignated subpar. (C) as (B) and struck out former subpar. (B) which read as follows: “by substituting ‘January 1, 2013’ for ‘January 1, 2011’ in clause (i) thereof, and”.

Puspan. L. 111–240, § 2022(span)(4), substituted “January 1, 2011” for “January 1, 2010”.

Subsec. (l)(5)(C). Puspan. L. 111–312, § 401(d)(4)(C), redesignated subpar. (C) as (B).

Subsec. (n)(2)(C)(ii). Puspan. L. 111–312, § 401(d)(5), substituted “January 1, 2013” for “January 1, 2011”.

Puspan. L. 111–240, § 2022(span)(5), substituted “January 1, 2011” for “January 1, 2010”.

2009—Subsec. (k). Puspan. L. 111–5, § 1201(a)(2)(A), substituted “January 1, 2010” for “January 1, 2009” in span.

Subsec. (k)(2)(A)(iii)(I), (II). Puspan. L. 111–5, § 1201(a)(1)(B), substituted “January 1, 2010” for “January 1, 2009”.

Subsec. (k)(2)(A)(iv). Puspan. L. 111–5, § 1201(a)(1), substituted “January 1, 2010,” for “January 1, 2009,” and “January 1, 2011.” for “January 1, 2010.”

Subsec. (k)(2)(B)(ii). Puspan. L. 111–5, § 1201(a)(1)(B), (2)(B), substituted “pre-January 1, 2010” for “pre-January 1, 2009” in span and “January 1, 2010” for “January 1, 2009” in text.

Subsec. (k)(2)(E)(i). Puspan. L. 111–5, § 1201(a)(1)(B), substituted “January 1, 2010” for “January 1, 2009”.

Subsec. (k)(4)(D)(ii). Puspan. L. 111–5, § 1201(a)(3)(A)(i), (iii), added cl. (ii). Former cl. (ii) redesignated (iii).

Subsec. (k)(4)(D)(iii). Puspan. L. 111–5, § 1201(span)(1)(A), substituted “2010” for “2009”.

Puspan. L. 111–5, § 1201(a)(3)(A)(ii), redesignated cl. (ii) as (iii).

Subsec. (k)(4)(H). Puspan. L. 111–5, § 1201(span)(1)(B), added subpar. (H).

Subsec. (l)(5)(B). Puspan. L. 111–5, § 1201(a)(2)(C), substituted “January 1, 2010” for “January 1, 2009”.

Subsec. (n)(2)(C)(ii). Puspan. L. 111–5, § 1201(a)(2)(D), substituted “January 1, 2010” for “January 1, 2009”.

2008—Subsec. (span)(2)(C), (D). Puspan. L. 110–343, § 306(c), added subpar. (C) and redesignated former subpar. (C) as (D).

Subsec. (span)(3)(I). Puspan. L. 110–343, § 305(c)(3), added subpar. (I).

Subsec. (e)(3)(A)(i). Puspan. L. 110–246, § 15344(a), amended cl. (i) generally. Prior to amendment, cl. (i) read as follows: “any race horse which is more than 2 years old at the time it is placed in service,”.

Subsec. (e)(3)(B)(vii). Puspan. L. 110–343, § 505(a), added cl. (vii).

Subsec. (e)(3)(D)(iii), (iv). Puspan. L. 110–343, § 306(a), added cls. (iii) and (iv).

Subsec. (e)(3)(E)(iv), (v). Puspan. L. 110–343, § 305(a)(1), substituted “January 1, 2010” for “January 1, 2008”.

Subsec. (e)(3)(E)(ix). Puspan. L. 110–343, § 305(c)(1), added cl. (ix).

Subsec. (e)(7). Puspan. L. 110–343, § 305(span)(1), reenacted span without change and amended text generally. Prior to amendment, text read as follows: “The term ‘qualified restaurant property’ means any section 1250 property which is an improvement to a building if—

“(A) such improvement is placed in service more than 3 years after the date such building was first placed in service, and

“(B) more than 50 percent of the building’s square footage is devoted to preparation of, and seating for on-premises consumption of, prepared meals.”

Subsec. (e)(8). Puspan. L. 110–343, § 305(c)(2), added par. (8).

Subsec. (g)(3)(B). Puspan. L. 110–343, § 505(span), inserted table item relating to subpar. (B)(vii).

Puspan. L. 110–343, § 305(c)(4), inserted table item relating to subpar. (E)(ix).

Subsec. (i)(15)(D). Puspan. L. 110–343, § 317(a), substituted “December 31, 2009” for “December 31, 2007”.

Subsec. (i)(18), (19). Puspan. L. 110–343, § 306(span), added pars. (18) and (19).

Subsec. (j)(8). Puspan. L. 110–343, § 315(a), substituted “December 31, 2009” for “December 31, 2007”.

Subsec. (k). Puspan. L. 110–185, § 103(c)(11), substituted “December 31, 2007” for “September 10, 2001” and “January 1, 2009” for “January 1, 2005” in span.

Puspan. L. 110–185, § 103(a)(1), (3), substituted “December 31, 2007” for “September 10, 2001” and “January 1, 2009” for “January 1, 2005” wherever appearing in text.

Subsec. (k)(1)(A). Puspan. L. 110–185, § 103(span), substituted “50 percent” for “30 percent”.

Subsec. (k)(2)(A)(iii)(I). Puspan. L. 110–185, § 103(a)(2), substituted “January 1, 2008” for “September 11, 2001”.

Subsec. (k)(2)(A)(iv). Puspan. L. 110–185, § 103(a)(4), substituted “January 1, 2010” for “January 1, 2006”.

Subsec. (k)(2)(B)(i)(I). Puspan. L. 110–185, § 103(c)(1), substituted “(iii), and (iv)” for “and (iii)”.

Subsec. (k)(2)(B)(i)(IV). Puspan. L. 110–185, § 103(c)(2), which directed substitution of “clause (iii)” for “clauses (ii) and (iii)”, was executed by substituting “clause (iii)” for “clause (ii) or (iii)” to reflect the probable intent of Congress.

Subsec. (k)(2)(B)(ii). Puspan. L. 110–185, § 103(c)(12), substituted “pre-January 1, 2009” for “pre-January 1, 2005” in span.

Subsec. (k)(2)(C)(i). Puspan. L. 110–185, § 103(c)(3), substituted “, (iii), and (iv)” for “and (iii)”.

Subsec. (k)(2)(D)(iii). Puspan. L. 110–185, § 103(c)(5)(B), struck out last sentence which read as follows: “The preceding sentence shall be applied separately with respect to property treated as qualified property by paragraph (4) and other qualified property.”

Subsec. (k)(2)(F)(i). Puspan. L. 110–185, § 103(c)(4), substituted “$8,000” for “$4,600”.

Subsec. (k)(4). Puspan. L. 110–289 added par. (4).

Puspan. L. 110–185, § 103(c)(5)(A), struck out par. (4) which related to treatment of 50-percent bonus depreciation for certain property.

Subsec. (k)(4)(B)(iii). Puspan. L. 110–185, § 103(a)(4), substituted “January 1, 2010” for “January 1, 2006”.

Subsec. (l). Puspan. L. 110–343, § 201(span)(1), (2), substituted “cellulosic biofuel” for “cellulosic biomass ethanol” in span and wherever appearing in text.

Subsec. (l)(2). Puspan. L. 110–343, § 201(span)(3), substituted “cellulosic biofuel” for “cellulosic biomass ethanol” in span.

Subsec. (l)(3). Puspan. L. 110–343, § 201(a), amended span and text of par. (3) generally. Prior to amendment, text read as follows: “For purposes of this subsection, the term ‘cellulosic biomass ethanol’ means ethanol produced by hydrolysis of any lignocellulosic or hemicellulosic matter that is available on a renewable or recurring basis.”

Subsec. (l)(4). Puspan. L. 110–185, § 103(c)(6), added subpar. (A) and redesignated former subpars. (A) to (C) as (B) to (D), respectively.

Subsec. (l)(5)(A). Puspan. L. 110–185, § 103(c)(7)(A), substituted “December 31, 2007” for “September 10, 2001”.

Subsec. (l)(5)(B). Puspan. L. 110–185, § 103(c)(7)(B), substituted “January 1, 2009” for “January 1, 2005”.

Subsec. (m). Puspan. L. 110–343, § 308(a), added subsec. (m).

Subsec. (n). Puspan. L. 110–343, § 710(a), added subsec. (n).

2007—Subsec. (l)(3). Puspan. L. 110–172 struck out “enzymatic” before “hydrolysis”.

2006—Subsec. (e)(3)(E)(iv), (v). Puspan. L. 109–432, § 113(a), substituted “2008” for “2006”.

Subsec. (j)(8). Puspan. L. 109–432, § 112(a), substituted “2007” for “2005”.

Subsec. (l). Puspan. L. 109–432, § 209(a), added subsec. (l).

2005—Subsec. (e)(3)(B)(vi)(I). Puspan. L. 109–135, § 410(a), substituted “if ‘solar or wind energy’ were substituted for ‘solar energy’ in clause (i) thereof” for “if ‘solar and wind’ were substituted for ‘solar’ in clause (i) thereof”.

Puspan. L. 109–58, § 1301(f)(5), amended subcl. (I) generally. Prior to amendment, subcl. (I) read as follows: “is described in subparagraph (A) of section 48(a)(3) (or would be so described if ‘solar and wind’ were substituted for ‘solar’ in clause (i) thereof),”.

Subsec. (e)(3)(C)(iv), (v). Puspan. L. 109–58, § 1326(a), added cl. (iv) and redesignated former cl. (iv) as (v).

Subsec. (e)(3)(E)(vii). Puspan. L. 109–58, § 1308(a), added cl. (vii).

Subsec. (e)(3)(E)(viii). Puspan. L. 109–58, § 1325(a), added cl. (viii).

Subsec. (g)(3)(B). Puspan. L. 109–58, § 1326(c), inserted table item relating to subpar. (C)(iv).

Puspan. L. 109–58, § 1325(span), inserted table item relating to subpar. (E)(viii).

Puspan. L. 109–58, § 1308(span), inserted table item relating to subpar. (E)(vii).

Subsec. (i)(15)(D). Puspan. L. 109–135, § 412(s), substituted “Such term shall not include” for “This paragraph shall not apply to”.

Subsec. (i)(17). Puspan. L. 109–58, § 1326(span), added par. (17).

Subsec. (k)(2)(A)(iv). Puspan. L. 109–135, § 403(j)(1), substituted “subparagraph (B) or (C)” for “subparagraphs (B) and (C)”.

Subsec. (k)(4)(B)(ii). Puspan. L. 109–135, § 405(a)(1), amended cl. (ii) generally. Prior to amendment, cl. (ii) read as follows: “which is acquired by the taxpayer after May 5, 2003, and before January 1, 2005, but only if no written binding contract for the acquisition was in effect before May 6, 2003, and”.

Subsec. (k)(4)(B)(iii). Puspan. L. 109–135, § 403(j)(2), substituted “or paragraph (2)(C) (as so modified)” for “and paragraph (2)(C)”.

2004—Subsec. (span)(2)(A). Puspan. L. 108–357, § 211(d)(2), inserted “not referred to in paragraph (3)” before comma at end.

Subsec. (span)(3)(G), (H). Puspan. L. 108–357, § 211(d)(1), added subpars. (G) and (H).

Subsec. (e)(3)(C)(ii). Puspan. L. 108–357, § 704(a), added cl. (ii). Former cl. (ii) redesignated (iii).

Subsec. (e)(3)(C)(iii). Puspan. L. 108–357, § 706(a), added cl. (iii). Former cl. (iii) redesignated (iv).

Puspan. L. 108–357, § 704(a), redesignated cl. (ii) as (iii).

Subsec. (e)(3)(C)(iv). Puspan. L. 108–357, § 706(a), redesignated cl. (iii) as (iv).

Subsec. (e)(3)(E)(iv), (v). Puspan. L. 108–357, § 211(a), added cls. (iv) and (v).

Subsec. (e)(3)(E)(vi). Puspan. L. 108–357, § 901(a), added cl. (vi).

Subsec. (e)(3)(F). Puspan. L. 108–357, § 901(span), added subpar. (F).

Subsec. (e)(6), (7). Puspan. L. 108–357, § 211(span), (c), added pars. (6) and (7).

Subsec. (g)(3)(A). Puspan. L. 108–357, § 847(a), inserted “(notwithstanding any other subparagraph of this paragraph)” after “shall”.

Subsec. (g)(3)(B). Puspan. L. 108–357, § 901(c), inserted table items relating to subpars. (E)(vi) and (F).

Puspan. L. 108–357, § 706(c), which directed amendment of table by inserting item relating to subpar. (C)(iii) after item relating to subpar. (C)(ii), was executed by making the insertion after item relating to subpar. (C)(i) to reflect the probable intent of Congress.

Puspan. L. 108–357, § 211(e), inserted table items relating to subpars. (E)(iv) and (E)(v).

Subsec. (h)(2)(A). Puspan. L. 108–357, § 847(e), added cl. (iv) and concluding provisions.

Subsec. (h)(3)(A). Puspan. L. 108–357, § 847(d), inserted at end “Notwithstanding subsection (i)(3)(A)(i), in determining a lease term for purposes of the preceding sentence, there shall not be taken into account any option of the lessee to renew at the fair market value rent determined at the time of renewal; except that the aggregate period not taken into account by reason of this sentence shall not exceed 24 months.”

Subsec. (i)(3)(A)(ii), (iii). Puspan. L. 108–357, § 847(c), added cl. (ii) and redesignated former cl. (ii) as (iii).

Subsec. (i)(15). Puspan. L. 108–357, § 704(span), added par. (15).

Subsec. (i)(16). Puspan. L. 108–357, § 706(span), added par. (16).

Subsec. (j)(8). Puspan. L. 108–311, § 316, substituted “2005” for “2004”.

Subsec. (k)(2)(A)(iv). Puspan. L. 108–357, § 336(a)(2), substituted “subparagraphs (B) and (C)” for “subparagraph (B)”.

Subsec. (k)(2)(B)(i). Puspan. L. 108–311, § 403(a)(1), reenacted span without change and amended text generally. Prior to amendment, text read as follows: “The term ‘qualified property’ includes property—

“(I) which meets the requirements of clauses (i), (ii), and (iii) of subparagraph (A),

“(II) which has a recovery period of at least 10 years or is transportation property, and

“(III) which is subject to section 263A by reason of clause (ii) or (iii) of subsection (f)(1)(B) thereof.”

Subsec. (k)(2)(B)(iv). Puspan. L. 108–357, § 336(span)(1), added cl. (iv).

Subsec. (k)(2)(C). Puspan. L. 108–357, § 336(a)(1), added subpar. (C). Former subpar. (C) redesignated (D).

Subsec. (k)(2)(D). Puspan. L. 108–357, § 336(a)(1), redesignated subpar. (C) as (D). Former subpar. (D) redesignated (E).

Subsec. (k)(2)(D)(ii). Puspan. L. 108–311, § 408(a)(6)(A), inserted “is” after “if property” in introductory provisions.

Puspan. L. 108–311, § 403(a)(2)(B), inserted “clause (iii) and” before “subparagraph (A)(ii)” in introductory provisions.

Subsec. (k)(2)(D)(ii)(I). Puspan. L. 108–311, § 408(a)(6)(B), struck out “is” before “originally”.

Subsec. (k)(2)(D)(iii), (iv). Puspan. L. 108–311, § 403(a)(2)(A), added cls. (iii) and (iv).

Subsec. (k)(2)(E). Puspan. L. 108–357, § 336(a)(1), redesignated subpar. (D) as (E). Former subpar. (E) redesignated (F).

Subsec. (k)(2)(E)(iii)(II). Puspan. L. 108–357, § 337(a), which directed amendment of subcl. (II) by inserting before comma at end “(or, in the case of multiple units of property subject to the same lease, within 3 months after the date the final unit is placed in service, so long as the period between the time the first unit is placed in service and the time the last unit is placed in service does not exceed 12 months)”, was executed by making the insertion before “, and” to reflect the probable intent of Congress.

Subsec. (k)(2)(F). Puspan. L. 108–357, § 336(a)(1), redesignated subpar. (E) as (F). Former subpar. (F) redesignated (G).

Puspan. L. 108–311, § 408(a)(8), substituted “minimum” for “miniumum” in span.

Subsec. (k)(2)(G). Puspan. L. 108–357, § 336(a)(1), redesignated subpar. (F) as (G).

Subsec. (k)(4)(A)(ii). Puspan. L. 108–357, § 336(span)(2), substituted “paragraph (2)(D)” for “paragraph (2)(C)”.

Subsec. (k)(4)(B)(iii). Puspan. L. 108–357, § 336(span)(3), inserted “and paragraph (2)(C)” after “of this paragraph)”.

Subsec. (k)(4)(C). Puspan. L. 108–357, § 336(span)(4), substituted “subparagraphs (B), (C), and (E)” for “subparagraphs (B) and (D)”.

Subsec. (k)(4)(D). Puspan. L. 108–357, § 336(span)(5), substituted “Paragraph (2)(F)” for “Paragraph (2)(E)”.

2003—Subsec. (k). Puspan. L. 108–27, § 201(c)(1), substituted “January 1, 2005” for “September 11, 2004” in span.

Subsec. (k)(2)(A)(iii). Puspan. L. 108–27, § 201(span)(2), substituted “January 1, 2005” for “September 11, 2004” in subcls. (I) and (II).

Subsec. (k)(2)(B)(ii). Puspan. L. 108–27, § 201(span)(1), substituted “pre-January 1, 2005” for “pre-September 11, 2004” in span and “January 1, 2005” for “September 11, 2004” in text.

Subsec. (k)(2)(C)(iii). Puspan. L. 108–27, § 201(span)(3), inserted at end “The preceding sentence shall be applied separately with respect to property treated as qualified property by paragraph (4) and other qualified property.”

Subsec. (k)(2)(D)(i). Puspan. L. 108–27, § 201(span)(1)(A), substituted “January 1, 2005” for “September 11, 2004”.

Subsec. (k)(4). Puspan. L. 108–27, § 201(a), added par. (4).

2002—Subsec. (j)(8). Puspan. L. 107–147, § 613(span), substituted “December 31, 2004” for “December 31, 2003”.

Subsec. (k). Puspan. L. 107–147, § 101(a), added subsec. (k).

1998—Subsec. (c). Puspan. L. 105–206, § 6006(span)(2), reenacted subsec. span without change and substituted “For purposes of this section, the applicable recovery period shall be determined in accordance with the following table:” for “For purposes of this section—

“(1) In general.—Except as provided in paragraph (2), the applicable recovery period shall be determined in accordance with the following table:”.

Subsec. (c)(2). Puspan. L. 105–206, § 6006(span)(1), struck out span and text of par. (2). Text read as follows: “In the case of property to which an election under subsection (span)(2)(C) applies, the applicable recovery period shall be determined under the table contained in subsection (g)(2)(C).”

1997—Subsec. (e)(3)(A)(iii). Puspan. L. 105–34, § 1086(span)(1), added cl. (iii).

Subsec. (g)(3)(B). Puspan. L. 105–34, § 1086(span)(2), inserted table item relating to subpar. (A)(iii).

Subsec. (i)(8)(C). Puspan. L. 105–34, § 1213(c), added subpar. (C).

Subsec. (i)(14). Puspan. L. 105–34, § 1086(span)(3), added par. (14).

Subsec. (j)(6). Puspan. L. 105–34, § 1604(c)(1), inserted concluding provisions “For purposes of the preceding sentence, such section 3(d) shall be applied by treating the term ‘former Indian reservations in Oklahoma’ as including only lands which are within the jurisdictional area of an Oklahoma Indian tribe (as determined by the Secretary of the Interior) and are recognized by such Secretary as eligible for trust land status under 25 CFR Part 151 (as in effect on the date of the enactment of this sentence).”

1996—Subsec. (span)(3)(F). Puspan. L. 104–188, § 1613(span)(1), added subpar. (F).

Subsec. (c)(1). Puspan. L. 104–188, § 1613(span)(2), inserted table item relating to water utility property.

Subsec. (e)(3)(B). Puspan. L. 104–188, § 1702(h)(1)(B), inserted closing provisions.

Subsec. (e)(3)(B)(vi)(I). Puspan. L. 104–188, § 1704(t)(54), provided that section 11813(span)(9)(A)(i) of Puspan. L. 101–508 shall be applied as if a comma appeared after “(3)(A)(ix)” in the material proposed to be stricken. See 1990 Amendment note below.

Subsec. (e)(3)(B)(vi)(III). Puspan. L. 104–188, § 1702(h)(1)(A), added subcl. (III).

Subsec. (e)(3)(E)(iii). Puspan. L. 104–188, § 1120(a), added cl. (iii).

Subsec. (e)(3)(F). Puspan. L. 104–188, § 1613(span)(3)(B)(i), struck out subpar. (F) which read as follows: “20-year property.—The term ‘20-year property’ includes any municipal sewers.”

Subsec. (e)(5). Puspan. L. 104–188, § 1613(span)(3)(A), added par. (5).

Subsec. (g)(2)(C)(iv). Puspan. L. 104–188, § 1613(span)(4), inserted “or water utility property” after “tunnel bore”.

Subsec. (g)(3)(B). Puspan. L. 104–188, § 1120(span), inserted table item relating to subpar. (E)(iii).

Puspan. L. 104–188, § 1613(span)(3)(B)(ii), struck out table item relating to subpar. (F) for which the class life was 50.

Subsec. (g)(4)(K). Puspan. L. 104–188, § 1702(h)(1)(C), substituted “section 48(l)(3)(A)(ix) (as in effect on the day before the date of the enactment of the Revenue Reconciliation Act of 1990)” for “section 48(a)(3)(A)(iii)”.

Subsec. (i)(8). Puspan. L. 104–188, § 1121(a), reenacted span without change and amended text generally. Prior to amendment, text read as follows: “In the case of any building erected (or improvements made) on leased property, if such building or improvement is property to which this section applies, the depreciation deduction shall be determined under the provisions of this section.”

1995—Subsec. (g)(4)(B)(i). Puspan. L. 104–88 substituted “rail carrier subject to part A of subtitle IV” for “domestic railroad corporation providing transportation subject to subchapter I of chapter 105”.

1993—Subsec. (c)(1). Puspan. L. 103–66, § 13151(a), substituted “39 years” for “31.5 years” in table item relating to nonresidential real property.

Subsec. (j). Puspan. L. 103–66, § 13321(a), added subsec. (j).

1990—Subsec. (e)(2)(A). Puspan. L. 101–508, § 11812(span)(2)(A), amended subpar. (A) generally. Prior to amendment, subpar. (A) read as follows: “The term ‘residential rental property’ has the meaning given such term by section 167(j)(2)(B).”

Subsec. (e)(3)(B)(vi)(I). Puspan. L. 101–508, § 11813(span)(9)(A)(i), which directed the substitution of “subparagraph (A) of section 48(a)(3) (or would be so described if ‘solar and wind’ were substituted for ‘solar’ in clause (i) thereof)” for “paragraph (3)(A)(viii), (3)(A)(ix) or (4) of section 48(l)” was executed by making the substitution for “paragraph (3)(A)(viii), (3)(A)(ix), or (4) of section 48(l)”. See 1996 Amendment note above.

Subsec. (e)(3)(B)(vi)(II). Puspan. L. 101–508, § 11813(span)(9)(A)(ii), inserted “(as in effect on the day before the date of the enactment of the Revenue Reconciliation Act of 1990)” after “48(l)”.

Subsec. (e)(3)(D)(i). Puspan. L. 101–508, § 11813(span)(9)(B)(i), substituted “subsection (i)(13)” for “section 48(p)”.

Subsec. (f)(2). Puspan. L. 101–508, § 11812(span)(2)(C), substituted “subsection (i)(10)” for “section 167(l)(3)(A).”

Subsec. (g)(4). Puspan. L. 101–508, § 11813(span)(9)(C), substituted span for one which read: “Property used predominantly outside the United States” and amended text generally. Prior to amendment, text read as follows: “For purposes of this subsection, rules similar to the rules under section 48(a)(2) (including the exceptions contained in subparagraph (B) thereof) shall apply in determining whether property is used predominantly outside the United States. In addition to the exceptions contained in such subparagraph (B), there shall be excepted any satellite or other spacecraft (or any interest therein) held by a United States person if such satellite or spacecraft was launched from within the United States.”

Subsec. (i)(1). Puspan. L. 101–508, § 11812(span)(2)(D), inserted at end “The reference in this paragraph to subsection (m) of section 167 shall be treated as a reference to such subsection as in effect on the day before the date of the enactment of the Revenue Reconciliation Act of 1990.”

Subsec. (i)(7)(B)(i). Puspan. L. 101–508, § 11801(c)(8)(B), struck out, “371(a), 374(a),” after “361,”.

Subsec. (i)(9)(A)(ii). Puspan. L. 101–508, § 11812(span)(2)(E), struck out “(determined without regard to section 167(l))” after “section 167”.

Subsec. (i)(10). Puspan. L. 101–508, § 11812(span)(2)(B), amended par. (10) generally. Prior to amendment, par. (10) read as follows: “The term ‘public utility property’ has the meaning given such term by section 167(l)(3)(A).”

Subsec. (i)(13). Puspan. L. 101–508, § 11813(span)(9)(B)(ii), added par. (13).

1989—Subsec. (span)(3)(D), (E). Puspan. L. 101–239, § 7816(f), redesignated subpar. (D), relating to property described in subsec. (e)(3)(D)(ii), as (E).

Subsec. (span)(5). Puspan. L. 101–239, § 7816(e)(1), substituted “paragraph (2)(C)” for “paragraph (2)(B)”.

Subsec. (c)(2). Puspan. L. 101–239, § 7816(e)(2), substituted “subsection (span)(2)(C)” for “subsection (span)(2)(B)”.

Subsec. (i)(1). Puspan. L. 101–239, § 7816(w), made clarifying amendment to directory language of Puspan. L. 100–647, § 6253, see 1988 Amendment note below.

1988—Subsec. (span)(2). Puspan. L. 100–647, § 1002(a)(11)(A), substituted “150 percent declining balance method in certain cases” for “15-year and 20-year property” in span and amended text generally. Prior to amendment, text read as follows: “In the case of 15-year and 20-year property, paragraph (1) shall be applied by substituting ‘150 percent’ for ‘200 percent’.”

Subsec. (span)(2)(B), (C). Puspan. L. 100–647, § 6028(a), added subpar. (B) and redesignated former subpar. (B) as (C).

Subsec. (span)(3)(C). Puspan. L. 100–647, § 1002(i)(2)(B)(i), added subpar. (C). Former subpar. (C) redesignated (D).

Subsec. (span)(3)(D). Puspan. L. 100–647, § 6029(span), added subpar. (D) relating to property described in subsec. (e)(3)(D)(ii).

Puspan. L. 100–647, § 1002(i)(2)(B)(i), redesignated subpar. (C), relating to property with respect to which the taxpayer elects under par. (5), as (D).

Subsec. (span)(5). Puspan. L. 100–647, § 1002(i)(2)(B)(ii), substituted “paragraph (3)(D)” for “paragraph (3)(C)”.

Puspan. L. 100–647, § 1002(a)(11)(B), substituted “paragraph (2)(B) or (3)(C)” for “paragraph (3)(C)”.

Subsec. (c). Puspan. L. 100–647, § 1002(a)(11)(C), amended subsec. (c) generally, designating existing provisions as par. (1) and adding par. (2).

Subsec. (c)(1). Puspan. L. 100–647, § 1002(i)(2)(A), inserted table item relating to any railroad grading or tunnel bore.

Subsec. (d)(2)(C). Puspan. L. 100–647, § 1002(i)(2)(D), added subpar. (C).

Subsec. (d)(3)(A)(i). Puspan. L. 100–647, § 1002(a)(5), struck out “and which are” after “this section applies”.

Subsec. (d)(3)(B). Puspan. L. 100–647, § 1002(a)(23)(A), struck out “real” after “Certain” in span and amended text generally. Prior to amendment, text read as follows: “For purposes of subparagraph (A), nonresidential real property and residential rental property shall not be taken into account.”

Subsec. (d)(3)(B)(i). Puspan. L. 100–647, § 1002(i)(2)(E), substituted “residential rental property, and railroad grading or tunnel bore” for “and residential rental property”.

Subsec. (e)(3)(B)(v). Puspan. L. 100–647, § 1002(a)(21), substituted “any section 1245 property” for “any property”.

Subsec. (e)(3)(C). Puspan. L. 100–647, § 6027(span)(1)(C), redesignated cl. (iii) as (ii), and struck out former cl. (ii) which read as follows: “any single-purpose agricultural or horticultural structure (within the meaning of section 48(p)), and”.

Subsec. (e)(3)(D). Puspan. L. 100–647, § 6029(a), amended subpar. (D) generally. Prior to amendment, subpar. (D) read as follows: “The term ‘10-year property’ includes any single purpose agricultural or horticultural structure (within the meaning of section 48(p)).”

Puspan. L. 100–647, § 6027(a), added subpar. (D). Former subpar. (D) redesignated (E).

Subsec. (e)(3)(E), (F). Puspan. L. 100–647, § 6027(a), redesignated former subpars. (D) and (E) as (E) and (F), respectively.

Subsec. (e)(4). Puspan. L. 100–647, § 1002(i)(2)(C), added par. (4).

Subsec. (f)(4). Puspan. L. 100–647, § 1002(a)(16)(B), amended par. (4) generally. Prior to amendment, par. (4) read as follows: “Any sound recording described in section 48(r)(5).”

Subsec. (f)(5)(B)(ii). Puspan. L. 100–647, § 1002(a)(6)(A)(i), substituted “1st taxable year” for “1st full taxable year”.

Subsec. (f)(5)(B)(iii). Puspan. L. 100–647, § 1002(a)(6)(A)(ii), added cl. (iii).

Subsec. (f)(5)(C). Puspan. L. 100–647, § 100–647, § 1002(a)(6)(B), added subpar. (C).

Subsec. (g)(2)(C). Puspan. L. 100–647, § 1002(i)(2)(F), added item (iv) in table.

Subsec. (g)(3)(B). Puspan. L. 100–647, § 6029(c), substituted “(D)(i)” for “(D)” and added item for “(D)(ii)” in table.

Puspan. L. 100–647, § 6027(span)(2), substituted “(D)” for “(C)(ii)”, “(E)(i)” for “(D)(i)”, “(E)(ii)” for “(D)(ii)”, and “(F)” for “(E)” in table.

Subsec. (h)(2)(B). Puspan. L. 100–647, § 1002(a)(8), amended subpar. (B) generally. Prior to amendment, subpar. (B) read as follows:

“(i) Income from property subject to United States tax.—Clause (iii) of subparagraph (A) shall not apply with respect to any property if more than 50 percent of the gross income for the taxable year derived by the foreign person or entity from the use of such property is—

“(I) subject to tax under this chapter, or

“(II) included under section 951 in the gross income of a United States shareholder for the taxable year with or within which ends the taxable year of the controlled foreign corporation in which such income was derived.

For purposes of the preceding sentence, any exclusion or exemption shall not apply for purposes of determining the amount of the gross income so derived, but shall apply for purposes of determining the portion of such gross income subject to tax under this chapter.

“(ii) Movies and sound recordings.—Clause (iii) of subparagraph (A) shall not apply with respect to any qualified film (as defined in section 48(k)(1)(B)) or any sound recording (as defined in section 48(r)(5)).”

Subsec. (i)(1). Puspan. L. 100–647, § 6253, as amended by Puspan. L. 101–239, § 7816(w), amended par. (1) generally, substituting a single par. relating to class life for former subpar. (A) relating to class life generally, (B) relating to Secretarial authority, (C) relating to effect of modification, (D) prohibiting modification of assigned property before January 1, 1992, and (E) relating to assigned property and item.

Subsec. (i)(1)(E)(iii). Puspan. L. 100–647, § 1002(i)(2)(G), added cl. (iii), which provided: “Special rule for railroad grading or tunnel bores.—In the case of any property which is a railroad grading or tunnel bore—

“(I) such property shall be treated as an assigned property,

“(II) the recovery period applicable to such property shall be treated as an assigned item, and

“(III) clause (ii) of subparagraph (D) shall not apply.”

Subsec. (i)(7)(A). Puspan. L. 100–647, § 1002(a)(7)(A), inserted at end “In any case where this section as in effect before the amendments made by section 201 of the Tax Reform Act of 1986 applied to the property in the hands of the transferor, the reference in the preceding sentence to this section shall be treated as a reference to this section as so in effect.”

Subsec. (i)(7)(B). Puspan. L. 100–647, § 1002(a)(7)(B), amended subpar. (B) generally. Prior to amendment, subpar. (B) read as follows: “The transactions described in this subparagraph are any transaction described in section 332, 351, 361, 371(a), 374(a), 721, or 731. Subparagraph (A) shall not apply in the case of a termination of a partnership under section 708(span)(1)(B).”

Subsec. (i)(7)(D). Puspan. L. 100–647, § 1002(a)(7)(C), struck out subpar. (D) which read as follows: “This paragraph shall not apply to any transaction to which subsection (f)(5) applies (relating to churning transactions).”

Subsec. (j)(9)(E). Puspan. L. 100–647, § 1018(span)(2), amended subpar. (E), as amended by section 1802(a)(2) of Puspan. L. 99–514 and as in effect before the general amendment by section 201(a) of Puspan. L. 99–514, by substituting “this paragraph and paragraph (8)” for “this paragraph” in cls. (i) and (ii)(I) and by striking out cl. (iii) and inserting a new cl. (iii) which read as follows: “Tax-exempt controlled entity.—

“(I) In general.—The term ‘tax-exempt controlled entity’ means any corporation (which is not a tax-exempt entity determined without regard to this subparagraph and paragraph (4)(E)) if 50 percent or more (in value) of the stock in such corporation is held by 1 or more tax-exempt entities (other than a foreign person or entity).

“(II) Only 5-percent shareholders taken into account in case of publicly traded stock.—For purposes of subclause (I), in the case of a corporation the stock of which is publicly traded on an established securities market, stock held by a tax-exempt entity shall not be taken into account unless such entity holds at least 5 percent (in value) of the stock in such corporation. For purposes of this subclause, related entities (within the meaning of paragraph (7)) shall be treated as 1 entity.

“(III) Section 318 to apply.—For purposes of this clause, a tax-exempt entity shall be treated as holding stock which it holds through application of section 318 (determined without regard to the 50-percent limitation contained in subsection (a)(2)(C) thereof).”

1986—Puspan. L. 99–514, § 201(a), amended section generally, applicable, with exceptions enumerated in sections 203, 204, and 251(d) of Puspan. L. 99–514 [set out as notes below and under section 46 of this title], to property placed in service after Dec. 31, 1986, modifying existing accelerated cost recovery system by substituting new subsecs. (a) to (i) for former subsecs. (a) to (k). See following paragraphs of 1986 Amendment note for amendments to former text by sections 1802 and 1809 of Puspan. L. 99–514.

Subsec. (span)(2)(A). Puspan. L. 99–514, § 1809(a)(2)(A)(i)(I), struck out closing provisions relating to determination, in the case of 19-year real property, of applicable percentage in taxable year in which the property is placed in service.

Subsec. (span)(2)(B). Puspan. L. 99–514, § 1809(a)(2)(A)(i)(II), substituted “Mid-month convention for 19-year real property” for “Special rule for year of disposition” in span and amended text generally, substituting “In the case of 19-year real property, the amount of the deduction determined under any provision of this section (or for purposes of section 57(a)(12)(B) or 312(k)) for any taxable year shall be determined on the basis of the number of months (using a mid-month convention) in which the property is in service.” for prior provisions.

Subsec. (span)(3)(A). Puspan. L. 99–514, § 1809(a)(1)(A), which directed that the table be amended by striking “and low-income housing” in last item, was executed by striking “and low-income housing” after “19-year real property” in next-to-the-last item, to reflect the probable intent of Congress, because that phrase did not appear in last item.

Puspan. L. 99–514, § 1809(a)(1)(B), inserted at the end item for low-income housing with recovery periods of 15, 35, or 45 years.

Subsec. (span)(4)(B). Puspan. L. 99–514, § 1809(a)(2)(B), substituted “Monthly convention” for “Special rule for year of disposition” in span and amended text generally, substituting “In the case of low-income housing, the amount of the deduction determined under any provision of this section (or for purposes of section 57(a)(12)(B) or 312(k)) for any taxable year shall be determined on the basis of the number of months (treating all property placed in service or disposed of during any month as placed in service or disposed of on the first day of such month) in which the property is in service.” for prior provisions.

Subsec. (f)(2)(B). Puspan. L. 99–514, § 1809(a)(2)(A)(ii), redesignated existing provisions as entire subpar. (B), struck out “(i) In general”, redesignated subcls. (I) and (II) as cls. (i) and (ii), and in cl. (ii) struck out “(taking into account the next to the last sentence of subsection (span)(2)(A))” after “assign percentages” and struck out span, “(ii) Special rule for disposition” and text, “In the case of a disposition of 19-year real property or low-income housing described in clause (i), subsection (span)(2)(B) shall apply.”

Subsec. (f)(10)(A). Puspan. L. 99–514, § 1809(span)(1), amended subpar. (A) generally, substituting “In the case of recovery property transferred in a transaction described in subparagraph (B), for purposes of computing the deduction allowable under subsection (a) with respect to so much of the basis in the hands of the transferee as does not exceed the adjusted basis in the hands of the transferor—

“(i) if the transaction is described in subparagraph (B)(i), the transferee shall be treated in the same manner as the transferor, or

“(ii) if the transaction is described in clause (ii) or (iii) of subparagraph (B) and the transferor made an election with respect to such property under subsection (span)(3) or (f)(2)(C), the transferee shall be treated as having made the same election (or its equivalent).”

for prior provisions.

Subsec. (f)(10)(B). Puspan. L. 99–514, § 1809(span)(2), inserted at end “Clause (i) shall not apply in the case of the termination of a partnership under section 708(span)(1)(B).”

Subsec. (f)(12)(B)(ii). Puspan. L. 99–514, § 1809(a)(4)(A), amended cl. (ii) generally, substituting “In the case of 19-year real property, the amount of the deduction allowed shall be determined by using the straight-line method (without regard to salvage value) and a recovery period of 19 years.” for prior provisions.

Subsec. (f)(12)(C). Puspan. L. 99–514, § 1809(a)(4)(B), substituted “Exception for low- and moderate-income housing” for “Exception for projects for residential rental property” in span and amended text generally, substituting “Subparagraph (A) shall not apply to—

“(i) any low-income housing, and

“(ii) any other recovery property which is placed in service in connection with projects for residential rental property financed by the proceeds of obligations described in section 103(span)(4)(A).”

for prior provisions.

Subsec. (f)(14), (15). Puspan. L. 99–514, § 1802(span)(1), redesignated the par. (13) relating to motor vehicle operating leases as (14) and redesignated former par. (14) as (15).

Subsec. (j)(2)(B)(ii). Puspan. L. 99–514, § 1809(a)(2)(C)(i), substituted “Cross reference” for “19-year real property” in span and amended text generally, substituting “For other applicable conventions, see paragraphs (2)(B) and (4)(B) of subsection (span).” for prior provisions.

Subsec. (j)(3)(D). Puspan. L. 99–514, § 1802(a)(1), inserted at end “For purposes of subparagraph (B)(iii), any portion of a property so used shall not be treated as leased to a tax-exempt entity in a disqualified lease.”

Subsec. (j)(4)(E)(i). Puspan. L. 99–514, § 1802(a)(2)(A), (G), substituted “any property (other than property held by such organization)” for “any property of which such organization is the lessee”, “first used by” for “first leased to”, and “preceding sentence and subparagraph (D)(ii)” for “preceding sentence”.

Subsec. (j)(4)(E)(ii). Puspan. L. 99–514, § 1802(a)(2)(B), (C), struck out “of which such organization is the lessee” after “respect to any property” in subcl. (I) and substituted “is first used by the organization” for “is placed in service under the lease” in subcl. (II).

Subsec. (j)(4)(E)(iv). Puspan. L. 99–514, § 1802(a)(2)(D), added cl. (iv), first used, which read as follows: “For purposes of this subparagraph, property shall be treated as first used by the organization—

“(I) when the property is first placed in service under a lease to such organization, or

“(II) in the case of property leased to (or held by) a partnership (or other pass-thru entity) in which the organization is a member, the later of when such property is first used by such partnership or pass-thru entity or when such organization is first a member of such partnership or pass-thru entity.”

Subsec. (j)(5)(C)(iv). Puspan. L. 99–514, § 1802(a)(3), struck out cl. (iv), relating to exclusion of property not subject to rapid obsolescence.

Subsec. (j)(8), (9)(A). Puspan. L. 99–514, § 1802(a)(4)(A), (B)(i), struck out “and paragraphs (4) and (5) of section 48(a)” after “For purposes of this subsection” in introductory provisions.

Subsec. (j)(9)(B)(i). Puspan. L. 99–514, § 1802(a)(4)(B)(ii), inserted a comma between “loss” and “deduction”.

Subsec. (j)(9)(D). Puspan. L. 99–514, § 1802(a)(7)(A), added subpar. (D), determination of whether property used in unrelated trade or business, which read as follows: “For purposes of this subsection, in the case of any property which is owned by a partnership which has both a tax-exempt entity and a person who is not a tax-exempt entity as partners, the determination of whether such property is used in an unrelated trade or business of such an entity shall be made without regard to section 514.” Former subpar. (D) was redesignated (E).

Subsec. (j)(9)(E). Puspan. L. 99–514, § 1802(a)(7), redesignated subpar. (D) as (E) and substituted “(C), and (D)” for “and (C)”. Former subpar. (E) redesignated (F).

Puspan. L. 99–514, § 1802(a)(2)(E)(i), added subpar. (E), treatment of certain taxable entities, consisting of cl. (i), in general, which read: “For purposes of this paragraph, except as otherwise provided in this subparagraph, any tax-exempt controlled entity shall be treated as a tax-exempt entity.”, cl. (ii), election, which read: “If a tax-exempt controlled entity makes an election under this clause—

“(I) such entity shall not be treated as a tax-exempt entity for purposes of this paragraph, and

“(II) any gain recognized by a tax-exempt entity on any disposition of an interest in such entity (and any dividend or interest received or accrued by a tax-exempt entity from such tax-exempt controlled entity) shall be treated as unrelated business taxable income for purposes of section 511.

Any such election shall be irrevocable and shall bind all tax-exempt entities holding interests in such tax-exempt controlled entity. For purposes of subclause (II), there shall only be taken into account dividends which are properly allocable to income of the tax-exempt controlled entity which was not subject to tax under this chapter.”, and cl. (iii), tax-exempt controlled entity, which read “The term ‘tax-exempt controlled entity’ means any corporation (which is not a tax-exempt entity determined without regard to this subparagraph and paragraph (4)(E)) if 50 percent or more (by value) of the stock in such corporation is held (directly or through the application of section 318 determined without regard to the 50-percent limitation contained in subsection (a)(2)(C) thereof) by 1 or more tax-exempt entities.” Former subpar. (E) was redesignated (F).

Subsec. (j)(9)(F). Puspan. L. 99–514, § 1802(a)(7)(A), redesignated subpar. (E) as (F). Former subpar. (F) redesignated (G).

Puspan. L. 99–514, § 1802(a)(2)(E)(i), redesignated former subpar. (E) as (F).

Subsec. (j)(9)(G). Puspan. L. 99–514, § 1802(a)(7)(A), redesignated subpar. (F) as (G).

1985—Subsec. (span)(2). Puspan. L. 99–121, § 103(span)(1)(A), substituted “19-year real property” for “18-year real property” in span and wherever appearing in text.

Subsec. (span)(2)(A)(i). Puspan. L. 99–121, § 103(a), substituted “19-year recovery period” for “18-year recovery period”.

Subsec.(span)(3)(A). Puspan. L. 99–121, § 103(span)(1)(A), substituted “19-year real property” for “18-year real property” in table.

Puspan. L. 99–121, § 103(span)(2), substituted “19, 35, or 45 years” for “18, 35, or 45” in table.

Subsec. (span)(3)(B)(ii), (iii). Puspan. L. 99–121, § 103(span)(1)(A), substituted “19-year real property” for “18-year real property” wherever appearing.

Subsec. (c)(2)(D). Puspan. L. 99–121, § 103(span)(1)(A), substituted “19-year real property” for “18-year real property” in span and in text.

Subsec. (d)(2)(B). Puspan. L. 99–121, § 103(span)(1)(A), substituted “19-year real property” for “18-year real property”.

Subsec. (f)(1)(B)(ii). Puspan. L. 99–121, § 103(span)(3)(B), substituted “March 15, 1984, and before May, 9, 1985, the” for “March 15, 1984, the”.

Subsec. (f)(1)(B)(iii), (iv). Puspan. L. 99–121, § 103(span)(3)(A), (C), added cl. (iii), redesignated former cl. (iii) as (iv), and in cl. (iv) substituted “, (ii), or (iii)” for “or (ii)”.

Subsec. (f)(2), (5). Puspan. L. 99–121, § 103(span)(1)(A), substituted “19-year real property” for “18-year real property” wherever appearing.

Subsec. (f)(12)(B)(ii). Puspan. L. 99–121, § 103(span)(4), substituted “19-year real property” for “15-year real property” in span and wherever appearing in text, and substituted “19 years” for “15 years”.

Subsec. (j). Puspan. L. 99–121, § 103(span)(1)(A), substituted “19-year real property” for “18-year real property” wherever appearing in headings, table, and text.

1984—Subsec. (span)(2). Puspan. L. 98–369, § 111(a)(1), substituted “18-year real property” for “15-year real property” in span and wherever appearing in text.

Puspan. L. 98–369, § 111(d), inserted in provision following cl. (ii) “(using a mid-month convention)”.

Subsec. (span)(2)(A). Puspan. L. 98–369, § 111(span)(3)(A), struck out in text following cl. (ii) provision that for purposes of this subparagraph “low-income housing” means property described in section 1250(a)(1)(B)(i), (ii), (iii), or (iv).

Subsec. (span)(2)(A)(i). Puspan. L. 98–369, § 111(a)(2), substituted “18-year recovery period” for “15-year recovery period”.

Subsec. (span)(2)(A)(ii). Puspan. L. 98–369, § 111(a)(3), struck out “(200 percent declining balance method in the case of low-income housing)” after “declining balance method”.

Subsec. (span)(2)(B). Puspan. L. 98–369, § 111(d), inserted “(using a mid-month convention)”.

Subsec. (span)(3)(A). Puspan. L. 98–369, § 111(e)(9)(A), substituted “under paragraph (1), (2), or (4)” for “under paragraphs (1) and (2)”.

Puspan. L. 98–369, § 111(e)(9)(B), substituted in table “18-year real property and low-income housing” for “15-year real property” and “18” for “15” and struck out “years” after “45”.

Subsec. (span)(3)(B)(ii). Puspan. L. 98–369, § 111(e)(2), substituted “18-year real property or low-income housing,” for “15-year real property”.

Subsec. (span)(3)(B)(iii). Puspan. L. 98–369, § 111(e)(1), substituted “18-year real property or low-income housing” for “15-year real property”.

Subsec. (span)(4). Puspan. L. 98–369, § 111(span)(1), added par. (4).

Subsec. (c)(2)(D). Puspan. L. 98–369, § 111(span)(3)(B), amended subpar. (D) generally, substituting “18-year real property” for “15-year real property” in span and text and including within such definition section 1250 property which is not low-income housing.

Subsec. (c)(2)(F), (G). Puspan. L. 98–369, § 111(span)(2), added subpar. (F) and redesignated former subpar. (F) as (G).

Subsec. (d)(2)(B). Puspan. L. 98–369, § 111(e)(3), substituted “18-year real property or low-income housing” for “15-year real property”.

Subsec. (e). Puspan. L. 98–369, § 113(span)(2)(A), substituted “title” for “section” in provision preceding par. (1).

Subsec. (e)(5). Puspan. L. 98–369, § 113(span)(1), added par. (5).

Subsec. (f)(1)(B). Puspan. L. 98–369, § 111(c), designated existing provision as cl. (i), inserted span, inserted “, and before March 16, 1984,” and struck out provision that for the purposes of the preceding sentence, the method of computing the deduction allowable with respect to such first component be determined as if it were a separate building, which provision is covered in cl. (iii), and added cls. (ii) and (iii).

Subsec. (f)(2)(B). Puspan. L. 98–369, § 111(e)(1), substituted “18-year real property or low-income housing” for “15-year real property” wherever appearing.

Subsec. (f)(2)(C)(i). Puspan. L. 98–369, § 111(e)(4), substituted in table “18-year real property or low-income housing” for “15-year real property”.

Subsec. (f)(2)(C)(ii)(II), (E), (5). Puspan. L. 98–369, § 111(e)(1), substituted “18-year real property or low-income housing” for “15-year real property”.

Subsec. (f)(8)(B)(ii)(I). Puspan. L. 98–369, § 12(a)(3)(A), in par. (8) as amended by section 209(a) of Puspan. L. 97–248, substituted “1990” for “1986”.

Subsec. (f)(12)(C). Puspan. L. 98–369, § 628(span)(1), designated provisions preceding cl. (i) and cl. (i) as subpar. (C), and struck out cls. (ii), (iii), and (iv) which dealt with the application of subpar. (A) to a sewage or solid waste disposal facility, an air or water pollution control facility or a facility which has received an urban development action grant under section 119 of the Housing and Community Development Act of 1974.

Subsec. (f)(12)(D), (E). Puspan. L. 98–369, § 628(span)(2), redesignated subpar. (E) as (D) and struck out former subpar. (D) which read as follows: “For purposes of this paragraph, the term ‘existing facility’ means a plant or property in operation before July 1, 1982.”

Subsec. (f)(13). Puspan. L. 98–369, § 32(a), added second par. (13) relating to motor vehicle operating leases.

Subsec. (f)(14). Puspan. L. 98–369, § 113(a)(2), added par. (14).

Subsec. (g)(2). Puspan. L. 98–369, § 31(d), inserted “If any property (other than section 1250 class property) does not have a present class life within the meaning of the preceding sentence, the Secretary may prescribe a present class life for such property which reasonably reflects the anticipated useful life of such property to the industry or other group.”

Subsec. (i)(1)(D)(i). Puspan. L. 98–369, § 474(r)(7)(D), in subsec. (i) as amended by section 209(span) of Puspan. L. 97–248, substituted “subparts A, B, and D of part IV” for “subpart A of part IV”.

Puspan. L. 98–369, § 474(r)(7)(A), in subsec. (i) as added by section 208(a)(1) of Puspan. L. 97–248, substituted “subparts A, B, and D of part IV” for “subpart A of part IV”.

Subsec. (i)(1)(D)(iii). Puspan. L. 98–369, § 612(e)(5), in subsec. (i) as amended by section 209(span) of Puspan. L. 97–248, substituted “section 26(span)(2)” for “section 25(span)(2)”.

Puspan. L. 98–369, § 612(e)(4), in subsec. (i) as added by section 208(a)(1) of Puspan. L. 97–248, substituted “section 26(span)(2)” for “section 25(span)(2)”.

Puspan. L. 98–369, § 474(r)(7)(E), in subsec. (i) as amended by section 209(span) of Puspan. L. 97–248, substituted “section 25(span)(2)” for “the last sentence of section 53(a)”.

Puspan. L. 98–369, § 474(r)(7)(B), in subsec. (i) as added by section 208(a)(1) of Puspan. L. 97–248, substituted “section 25(span)(2)” for “the last sentence of section 53(a)”.

Subsec. (i)(4)(A). Puspan. L. 98–369, § 12(a)(3)(B), in subsec. (i) as amended by section 209(span) of Puspan. L. 97–248, substituted “1989” for “1985” in cls. (i) and (ii).

Puspan. L. 98–369, § 474(r)(7)(C), in subsec. (i) as added by section 208(a)(1) of Puspan. L. 97–248, substituted “section 38” for “subpart A of part IV of subchapter A of this chapter”.

Subsecs. (j), (k). Puspan. L. 98–369, § 31(a), added subsec. (j) and redesignated former subsec. (j) as (k).

1983—Subsec. (span)(2)(A). Puspan. L. 97–448, § 102(a)(5), substituted “In the case of 15-year real property” for “For purposes of this subparagraph” in third sentence.

Subsec. (c)(2)(F). Puspan. L. 97–448, § 102(a)(8), added subpar. (F).

Subsec. (d)(2)(B). Puspan. L. 97–448, § 102(a)(2), substituted “paragraph (7) or (10) of subsection (f)” for “subsection (f)(7)”.

Subsec. (e)(3)(C), (D). Puspan. L. 97–424, § 541(a)(1), added subpar. (C). Former subpar. (C) redesignated (D).

Subsec. (e)(4)(D). Puspan. L. 97–448, § 102(a)(9)(A), inserted provision that, in the case of the acquisition of property by any partnership which results from the termination of another partnership under section 708(span)(1)(B), the determination of whether the acquiring partnership is related to the other partnership shall be made immediately before the event resulting in such termination occurs.

Subsec. (e)(4)(H), (I). Puspan. L. 97–448, § 102(a)(9)(B), added subpars. (H) and (I).

Subsec. (f)(4)(B). Puspan. L. 97–448, § 102(f)(4), substituted “Election made on return” for “Made on return” as the subpar. (B) span, designated existing provisions as cl. (i), added span for cl. (i), substituted “Except as provided in clause (ii), any election” for “Any election”, in cl. (i) as so designated, and added cl. (ii).

Subsec. (f)(5). Puspan. L. 97–448, § 102(a)(1), inserted provision that, in the case of 15-year real property, the first sentence of this paragraph shall not apply to the taxable year in which the property is placed in service or disposed of.

Subsec. (f)(8)(D). Puspan. L. 97–448, § 102(a)(10)(A), amended subpar. (D), as in effect before the amendments made by the Tax Equity and Fiscal Responsibility Act of 1982 [Puspan. L. 97–248], by inserting at end thereof the following new sentence: “Under regulations prescribed by the Secretary, public utility property shall not be treated as qualified leased property unless the requirements of rules similar to the rules of subsection (e)(3) of this section and section 46(f) are met with respect to such property.” See 1982 Amendment note below for subsec. (f)(8)(D).

Subsec. (f)(13). Puspan. L. 97–448, § 102(a)(3), added par. (13).

Subsec. (g)(8)(A). Puspan. L. 97–448, § 102(a)(4)(B), substituted “Qualified coal utilization property” for “In general” in span.

Subsec. (g)(8)(B). Puspan. L. 97–448, § 102(a)(4)(C), substituted “Coal utilization property” for “In general” in span.

Subsec. (h)(4). Puspan. L. 97–448, § 102(a)(4)(A), substituted “coal utilization property which would otherwise be 15-year public utility property” for “coal utilization property which is not 3-year property, 5-year property, or 10-year property (determined without regard to this paragraph)”.

1982—Subsec. (span)(1). Puspan. L. 97–248, § 206(a), substituted “table” for “tables” in introductory provisions, struck out designation “(A)” preceding the table and struck out subpar. (A) span which had limited the application of the table to property placed in service after Dec. 31, 1980, and before Jan. 1, 1985, and struck out subpars. (B) and (C), which had provided tables, respectively, for property placed in service in 1985 and for property placed in service after Dec. 31, 1985.

Subsec. (e)(4). Puspan. L. 97–248, §§ 206(span), 224(c)(1), substituted “1981” for “1986” in span, in subpar. (E) inserted provision that a similar rule shall apply in the case of a deemed liquidation under section 338, and struck out former subpar. (H) which had provided for special rules for property placed in service before certain percentages took effect.

Subsec. (f)(8). Puspan. L. 97–248, § 209(a), amended par. (8) generally, substituting provisions relating to special rules for finance leases for provisions relating to special rule for leases.

Subsec. (f)(8)(A). Puspan. L. 97–248, § 208(a)(2)(A), inserted “except as provided in subsection (i),” before “for purposes of this subtitle”.

Subsec. (f)(8)(B)(i)(I). Puspan. L. 97–354, § 5(a)(19), substituted “an S corporation” for “an electing small business corporation (within the meaning of section 1371(span))” in subsec. (f)(8)(B)(i)(I) as in effect before the enactment of the Tax Equity and Fiscal Responsibility Act of 1982 [Puspan. L. 97–248].

Puspan. L. 97–248, § 208(span)(1), inserted “which is not a related person with respect to the lessee”.

Subsec. (f)(8)(B)(iii). Puspan. L. 97–248, § 208(span)(2), in subcl. (I) substituted “120 percent of the present class life of the property, or” for “90 percent of the useful life of such property for purposes of section 167, or”, and in subcl. II substituted “the period equal to the recovery period determined with respect to such property under subsection (i)(2)” for “150 percent of the present class life of such property”.

Subsec. (f)(8)(C)(i). Puspan. L. 97–354, § 5(a)(20), in par. (8) as amended by section 209(a) of Puspan. L. 97–248, substituted “an S corporation” for “an electing small business corporation within the meaning of section 1371(span)”.

Subsec. (f)(8)(D). Puspan. L. 97–248, § 208(span)(3), amended subpar. (D) generally. Prior to amendment, subpar. (D) read as follows:

“(D) Qualified leased property defined.—For purposes of subparagraph (A), the term ‘qualified leased property’ means recovery property (other than a qualified rehabilitated building within the meaning of section 48(g)(1)) which is—

“(i) new section 38 property (as defined in section 48(span)) of the lessor which is leased within 3 months after such property was placed in service and which, if acquired by the lessee, would have been new section 38 property of the lessee,

“(ii) property—

“(I) which was new section 38 property of the lessee,

“(II) which was leased within 3 months after such property was placed in service by the lessee, and

“(III) with respect to which the adjusted basis of the lessor does not exceed the adjusted basis of the lessee at the time of the lease, or

“(iii) property which is a qualified mass commuting vehicle (as defined in section 103(span)(9)) and which is financed in whole or in part by obligations the interest on which is excludable from income under section 103(a).

For purposes of this title (other than this subparagraph), any property described in clause (i) or (ii) to which subparagraph (A) applies shall be deemed originally placed in service not earlier than the date such property is used under the lease. In the case of property placed in service after December 31, 1980, and before the date of the enactment of this subparagraph, this subparagraph shall be applied by submitting ‘the date of the enactment of this subparagraph’ for ‘such property was placed in service’.” See 1983 Amendment note above for subsec. (f)(8)(D).

Subsec. (f)(8)(H) to (K). Puspan. L. 97–248, § 208(span)(4), added subpars. (H) to (J) and redesignated former subpar. (H) as (K).

Subsec. (f)(10)(B)(i). Puspan. L. 97–248, § 224(c)(2), struck out “(other than a transaction with respect to which the basis is determined under section 334(span)(2))” after “section 332”.

Subsec. (f)(12). Puspan. L. 97–248, § 216(a), added par. (12).

Subsec. (i). Puspan. L. 97–248, § 209(span), amended subsec. (i) generally, substituting provisions concerning limitations relating to leases of finance lease property for provisions concerning limitations relating to lease of qualified leased property.

Puspan. L. 97–248, § 208(a)(1), added subsec. (i). Former subsec. (i) redesignated (j).

Subsec. (j). Puspan. L. 97–248, § 208(a)(1), redesignated former subsec. (i) as (j).

Puspan. L. 117–169, title I, § 13703(span), Aug. 16, 2022, 136 Stat. 1997, provided that: “The amendments made by this section [amending this section] shall apply to facilities and property placed in service after December 31, 2024.”

Puspan. L. 116–260, div. EE, title I, § 115(span), Dec. 27, 2020, 134 Stat. 3050, provided that: “The amendment made by this section [amending this section] shall apply to property placed in service after December 31, 2020.”

Puspan. L. 116–260, div. EE, title I, § 137(span), Dec. 27, 2020, 134 Stat. 3053, provided that: “The amendments made by this section [amending this section] shall apply to property placed in service after December 31, 2020.”

Puspan. L. 116–260, div. EE, title I, § 138(span), Dec. 27, 2020, 134 Stat. 3054, provided that: “The amendment made by this section [amending this section] shall apply to property placed in service after December 31, 2020.”

Puspan. L. 116–136, div. A, title II, § 2307(span), Mar. 27, 2020, 134 Stat. 359, provided that: “The amendments made by this section [amending this section] shall take effect as if included in section 13204 of Public Law 115–97.”

Puspan. L. 116–94, div. Q, title I, § 114(span), Dec. 20, 2019, 133 Stat. 3229, provided that: “The amendments made by this section [amending this section] shall apply to property placed in service after December 31, 2017.”

Puspan. L. 116–94, div. Q, title I, § 115(span), Dec. 20, 2019, 133 Stat. 3229, provided that: “The amendment made by this section [amending this section] shall apply to property placed in service after December 31, 2017.”

Puspan. L. 116–94, div. Q, title I, § 116(span), Dec. 20, 2019, 133 Stat. 3229, provided that: “The amendment made by this section [amending this section] shall apply to property placed in service after December 31, 2017.”

Puspan. L. 116–94, div. Q, title I, § 130(span), Dec. 20, 2019, 133 Stat. 3232, provided that: “The amendment made by this section [amending this section] shall apply to property placed in service after December 31, 2017.”

Puspan. L. 115–141, div. U, title I, § 101(d)(3), (4), Mar. 23, 2018, 132 Stat. 1160, 1161, provided that:

Amendment by section 101(d)(1), (2), (e) of Puspan. L. 115–141 effective as if included in the provision of the Protecting Americans from Tax Hikes Act of 2015, div. Q of Puspan. L. 114–113, to which such amendment relates, see section 101(s) of Puspan. L. 115–141, set out as a note under section 24 of this title.

Puspan. L. 115–141, div. U, title III, § 302(span), Mar. 23, 2018, 132 Stat. 1184, provided that: “The amendments made by this section [amending this section] shall apply to property placed in service after the date of the enactment of this Act [Mar. 23, 2018].”

Puspan. L. 115–141, div. U, title IV, § 401(span)(13)(B), Mar. 23, 2018, 132 Stat. 1202, provided that: “The amendment made by this paragraph [amending this section] shall not apply to property placed in service before the date of the enactment of this Act [Mar. 23, 2018].”

Puspan. L. 115–123, div. D, title I, § 40304(span), Fespan. 9, 2018, 132 Stat. 146, provided that: “The amendments made by this section [amending this section] shall apply to property placed in service after December 31, 2016.”

Puspan. L. 115–123, div. D, title I, § 40305(span), Fespan. 9, 2018, 132 Stat. 146, provided that: “The amendment made by this section [amending this section] shall apply to property placed in service after December 31, 2016.”

Puspan. L. 115–123, div. D, title I, § 40306(span), Fespan. 9, 2018, 132 Stat. 146, provided that: “The amendment made by this section [amending this section] shall apply to property placed in service after December 31, 2016.”

Puspan. L. 115–123, div. D, title I, § 40412(span), Fespan. 9, 2018, 132 Stat. 151, provided that: “The amendment made by this section [amending this section] shall apply to property placed in service after December 31, 2016.”

Amendment by section 12001(span)(13) of Puspan. L. 115–97 applicable to taxable years beginning after Dec. 31, 2017, see section 12001(c) of Puspan. L. 115–97, set out as a note under section 11 of this title.

Puspan. L. 115–97, title I, § 13201(h), Dec. 22, 2017, 131 Stat. 2108, provided that:

Puspan. L. 115–97, title I, § 13203(c), Dec. 22, 2017, 131 Stat. 2109, provided that: “The amendments made by this section [amending this section] shall apply to property placed in service after December 31, 2017, in taxable years ending after such date.”

Puspan. L. 115–97, title I, § 13204(span), Dec. 22, 2017, 131 Stat. 2111, as amended by Puspan. L. 116–260, div. EE, title II, § 202, Dec. 27, 2020, 134 Stat. 3056, provided that:

Puspan. L. 115–97, title I, § 13205(span), Dec. 22, 2017, 131 Stat. 2111, provided that: “The amendments made by this section [amending this section] shall apply to taxable years beginning after December 31, 2017.”

Puspan. L. 115–97, title I, § 13504(c), Dec. 22, 2017, 131 Stat. 2142, provided that: “The amendments made by this section [amending this section and sections 708 and 743 of this title] shall apply to partnership taxable years beginning after December 31, 2017.”

Puspan. L. 114–113, div. Q, title I, § 123(c), Dec. 18, 2015, 129 Stat. 3052, provided that: “The amendments made by this section [amending this section] shall apply to property placed in service after December 31, 2014.”

Puspan. L. 114–113, div. Q, title I, § 143(a)(5), Dec. 18, 2015, 129 Stat. 3057, provided that:

Puspan. L. 114–113, div. Q, title I, § 143(span)(7), Dec. 18, 2015, 129 Stat. 3064, provided that:

Puspan. L. 114–113, div. Q, title I, § 165(span), Dec. 18, 2015, 129 Stat. 3067, provided that: “The amendments made by this section [amending this section] shall apply to property placed in service after December 31, 2014.”

Puspan. L. 114–113, div. Q, title I, § 166(span), Dec. 18, 2015, 129 Stat. 3067, provided that: “The amendment made by this section [amending this section] shall apply to property placed in service after December 31, 2014.”

Puspan. L. 114–113, div. Q, title I, § 167(c), Dec. 18, 2015, 129 Stat. 3067, provided that:

Puspan. L. 114–113, div. Q, title I, § 189(span), Dec. 18, 2015, 129 Stat. 3075, provided that: “The amendment made by this section [amending this section] shall apply to property placed in service after December 31, 2014.”

Puspan. L. 113–295, div. A, title I, § 121(span), Dec. 19, 2014, 128 Stat. 4015, provided that: “The amendments made by this section [amending this section] shall apply to property placed in service after December 31, 2013.”

Puspan. L. 113–295, div. A, title I, § 122(span), Dec. 19, 2014, 128 Stat. 4015, provided that: “The amendments made by this section [amending this section] shall apply to property placed in service after December 31, 2013.”

Puspan. L. 113–295, div. A, title I, § 123(span), Dec. 19, 2014, 128 Stat. 4015, provided that: “The amendment made by this section [amending this section] shall apply to property placed in service after December 31, 2013.”

Puspan. L. 113–295, div. A, title I, § 124(span), Dec. 19, 2014, 128 Stat. 4016, provided that: “The amendment made by this section [amending this section] shall apply to property placed in service after December 31, 2013.”

Puspan. L. 113–295, div. A, title I, § 125(e), Dec. 19, 2014, 128 Stat. 4017, provided that: “The amendments made by this section [amending this section and sections 460, 1400L, and 1400N of this title] shall apply to property placed in service after December 31, 2013, in taxable years ending after such date.”

Puspan. L. 113–295, div. A, title I, § 157(span), Dec. 19, 2014, 128 Stat. 4022, provided that: “The amendment made by this section [amending this section] shall apply to property placed in service after December 31, 2013.”

Amendment by section 202(e) of Puspan. L. 113–295 effective as if included in the provision of the American Taxpayer Relief Act of 2012, Puspan. L. 112–240, to which such amendment relates, see section 202(f) of Puspan. L. 113–295, set out as a note under section 55 of this title.

Amendment by section 210(c), (d), (g)(2) of Puspan. L. 113–295 effective as if included in the provisions of the Energy Improvement and Extension Act of 2008, Puspan. L. 110–343, div. B, to which such amendment relates, see section 210(h) of Puspan. L. 113–295, set out as a note under section 45 of this title.

Amendment by section 211(span) of Puspan. L. 113–295 effective as if included in the provisions of the Tax Extenders and Alternative Minimum Tax Relief Act of 2008, Puspan. L. 110–343, div. C, to which such amendment relates, see section 211(d) of Puspan. L. 113–295, set out as a note under section 143 of this title.

Amendment by section 212(span) of Puspan. L. 113–295 effective as if included in the provisions of the Housing Assistance Tax Act of 2008, Puspan. L. 110–289, div. C, to which such amendment relates, see section 212(d) of Puspan. L. 113–295, set out as a note under section 42 of this title.

Puspan. L. 113–295, div. A, title II, § 214(c), Dec. 19, 2014, 128 Stat. 4034, provided that: “The amendments made by this section [amending this section and section 6213 of this title] shall take effect as if included in the provisions of the Economic Stimulus Act of 2008 [Puspan. L. 110–185] to which they relate.”

Puspan. L. 112–240, title III, § 311(span), Jan. 2, 2013, 126 Stat. 2330, provided that: “The amendments made by this section [amending this section] shall apply to property placed in service after December 31, 2011.”

Puspan. L. 112–240, title III, § 312(span), Jan. 2, 2013, 126 Stat. 2330, provided that: “The amendment made by this section [amending this section] shall apply to property placed in service after December 31, 2011.”

Puspan. L. 112–240, title III, § 313(span), Jan. 2, 2013, 126 Stat. 2330, provided that: “The amendment made by this section [amending this section] shall apply to property placed in service after December 31, 2011.”

Puspan. L. 112–240, title III, § 331(f), Jan. 2, 2013, 126 Stat. 2337, provided that: “The amendments made by this section [amending this section and sections 460, 1400L, and 1400N of this title] shall apply to property placed in service after December 31, 2012, in taxable years ending after such date.”

Puspan. L. 112–240, title IV, § 410(a)(2), Jan. 2, 2013, 126 Stat. 2342, provided that: “The amendment made by this subsection [amending this section] shall apply to property placed in service after December 31, 2012.”

Puspan. L. 112–240, title IV, § 410(span)(3), Jan. 2, 2013, 126 Stat. 2343, provided that: “The amendments made by this subsection [amending this section] shall apply to property placed in service after the date of the enactment of this Act [Jan. 2, 2013].”

Puspan. L. 111–312, title IV, § 401(e), Dec. 17, 2010, 124 Stat. 3306, provided that:

Puspan. L. 111–312, title VII, § 737(c), Dec. 17, 2010, 124 Stat. 3318, provided that: “The amendments made by this section [amending this section and section 179 of this title] shall apply to property placed in service after December 31, 2009.”

Puspan. L. 111–312, title VII, § 738(span), Dec. 17, 2010, 124 Stat. 3318, provided that: “The amendment made by this section [amending this section] shall apply to property placed in service after December 31, 2009.”

Puspan. L. 111–312, title VII, § 739(span), Dec. 17, 2010, 124 Stat. 3319, provided that: “The amendment made by this section [amending this section] shall apply to property placed in service after December 31, 2009.”

Puspan. L. 111–240, title II, § 2022(c), Sept. 27, 2010, 124 Stat. 2559, provided that: “The amendments made by this section [amending this section and sections 1400L and 1400N of this title] shall apply to property placed in service after December 31, 2009, in taxable years ending after such date.”

Puspan. L. 111–5, div. B, title I, § 1201(c), Fespan. 17, 2009, 123 Stat. 334, provided that:

Puspan. L. 110–343, div. B, title II, § 201(c), Oct. 3, 2008, 122 Stat. 3832, provided that: “The amendments made by this section [amending this section] shall apply to property placed in service after the date of the enactment of this Act [Oct. 3, 2008], in taxable years ending after such date.”

Puspan. L. 110–343, div. B, title III, § 306(d), Oct. 3, 2008, 122 Stat. 3849, provided that: “The amendments made by this section [amending this section] shall apply to property placed in service after the date of the enactment of this Act [Oct. 3, 2008].”

Puspan. L. 110–343, div. B, title III, § 308(span), Oct. 3, 2008, 122 Stat. 3851, provided that: “The amendment made by this section [amending this section] shall apply to property placed in service after August 31, 2008.”

Puspan. L. 110–343, div. C, title III, § 305(a)(2), Oct. 3, 2008, 122 Stat. 3867, provided that: “The amendments made by this subsection [amending this section] shall apply to property placed in service after December 31, 2007.”

Puspan. L. 110–343, div. C, title III, § 305(span)(2), Oct. 3, 2008, 122 Stat. 3867, provided that: “The amendment made by this subsection [amending this section] shall apply to property placed in service after December 31, 2008.”

Puspan. L. 110–343, div. C, title III, § 305(c)(5), Oct. 3, 2008, 122 Stat. 3868, provided that: “The amendments made by this subsection [amending this section] shall apply to property placed in service after December 31, 2008.”

Puspan. L. 110–343, div. C, title III, § 315(span), Oct. 3, 2008, 122 Stat. 3872, provided that: “The amendment made by this section [amending this section] shall apply to property placed in service after December 31, 2007.”

Puspan. L. 110–343, div. C, title III, § 317(span), Oct. 3, 2008, 122 Stat. 3873, provided that: “The amendment made by this section [amending this section] shall apply to property placed in service after December 31, 2007.”

Puspan. L. 110–343, div. C, title V, § 505(c), Oct. 3, 2008, 122 Stat. 3880, provided that: “The amendments made by this section [amending this section] shall apply to property placed in service after December 31, 2008.”

Puspan. L. 110–343, div. C, title VII, § 710(span), Oct. 3, 2008, 122 Stat. 3928, provided that: “The amendment made by this section [amending this section] shall apply to property placed in service after December 31, 2007, with respect [to] disasters declared after such date.”

Puspan. L. 110–289, div. C, title III, § 3081(d), July 30, 2008, 122 Stat. 2907, provided that: “The amendments made by this section [amending this section and section 1324 of Title 31, Money and Finance] shall apply to taxable years ending after March 31, 2008.”

Amendment of this section and repeal of Puspan. L. 110–234 by Puspan. L. 110–246 effective May 22, 2008, the date of enactment of Puspan. L. 110–234, except as otherwise provided, see section 4 of Puspan. L. 110–246, set out as an Effective Date note under section 8701 of Title 7, Agriculture.

Puspan. L. 110–234, title XV, § 15344(span), May 22, 2008, 122 Stat. 1520, and Puspan. L. 110–246, § 4(a), title XV, § 15344(span), June 18, 2008, 122 Stat. 1664, 2282, provided that: “The amendment made by this section [amending this section] shall apply to property placed in service after December 31, 2008.”

[Puspan. L. 110–234 and Puspan. L. 110–246 enacted identical provisions. Puspan. L. 110–234 was repealed by section 4(a) of Puspan. L. 110–246, set out as a note under section 8701 of Title 7, Agriculture.]

Puspan. L. 110–185, title I, § 103(d), Fespan. 13, 2008, 122 Stat. 619, provided that: “The amendments made by this section [amending this section and sections 1400L and 1400N of this title] shall apply to property placed in service after December 31, 2007, in taxable years ending after such date.”

Puspan. L. 110–172, § 11(span)(3), Dec. 29, 2007, 121 Stat. 2488, provided that: “The amendments made by this subsection [amending this section and section 6724 of this title] shall take effect as if included in the provision of the Tax Relief and Health Care Act of 2006 [Puspan. L. 109–432] to which they relate.”

Puspan. L. 109–432, div. A, title I, § 112(span), Dec. 20, 2006, 120 Stat. 2940, provided that: “The amendment made by this section [amending this section] shall apply to property placed in service after December 31, 2005.”

Puspan. L. 109–432, div. A, title I, § 113(span), Dec. 20, 2006, 120 Stat. 2940, provided that: “The amendments made by subsection (a) [amending this section] shall apply to property placed in service after December 31, 2005.”

Puspan. L. 109–432, div. A, title II, § 209(span), Dec. 20, 2006, 120 Stat. 2947, provided that: “The amendment made by this section [amending this section] shall apply to property placed in service after the date of the enactment of this Act [Dec. 20, 2006] in taxable years ending after such date.”

Amendment by section 403(j) of Puspan. L. 109–135 effective as if included in the provision of the American Jobs Creation Act of 2004, Puspan. L. 108–357, to which such amendment relates, see section 403(nn) of Puspan. L. 109–135, set out as a note under section 26 of this title.

Puspan. L. 109–135, title IV, § 405(span), Dec. 21, 2005, 119 Stat. 2634, provided that: “The amendments made by this section [amending this section and section 1400L of this title] shall take effect as if included in section 201 of the Jobs and Growth Tax Relief and Reconciliation Act of 2003 [probably means the Jobs and Growth Tax Relief Reconciliation Act of 2003, Puspan. L. 108–27].”

Puspan. L. 109–135, title IV, § 410(span), Dec. 21, 2005, 119 Stat. 2636, provided that: “The amendment made by this section [amending this section] shall take effect as if included in section 11813 of the Omnibus Budget Reconciliation Act of 1990 [Puspan. L. 101–508].”

Amendment by section 1301(f)(5) of Puspan. L. 109–58 effective as if included in the amendments made by section 710 of the American Jobs Creation Act of 2004, Puspan. L. 108–357, see section 1301(g) of Puspan. L. 109–58, set out as a note under section 45 of this title.

Puspan. L. 109–58, title XIII, § 1308(c), Aug. 8, 2005, 119 Stat. 1006, provided that:

Puspan. L. 109–58, title XIII, § 1325(c), Aug. 8, 2005, 119 Stat. 1016, provided that:

Amendment by section 1326(a)–(c) of Puspan. L. 109–58 applicable to property placed in service after Apr. 11, 2005, with exception for property with respect to which the taxpayer or a related party has entered into a binding contract for the construction thereof on or before Apr. 11, 2005, or, in the case of self-constructed property, has started construction on or before such date, see section 1326(e) of Puspan. L. 109–58, set out as a note under section 56 of this title.

Puspan. L. 108–357, title II, § 211(f), Oct. 22, 2004, 118 Stat. 1430, provided that: “The amendments made by this section [amending this section] shall apply to property placed in service after the date of the enactment of this Act [Oct. 22, 2004].”

Puspan. L. 108–357, title III, § 336(c), Oct. 22, 2004, 118 Stat. 1480, provided that: “The amendments made by this section [amending this section] shall take effect as if included in the amendments made by section 101 of the Jospan Creation and Worker Assistance Act of 2002 [Puspan. L. 107–147].”

Puspan. L. 108–357, title III, § 337(span), Oct. 22, 2004, 118 Stat. 1480, provided that: “The amendment made by this section [amending this section] shall apply to property sold after June 4, 2004.”

Puspan. L. 108–357, title VII, § 704(c), Oct. 22, 2004, 118 Stat. 1548, provided that:

Puspan. L. 108–357, title VII, § 706(d), Oct. 22, 2004, 118 Stat. 1550, provided that: “The amendments made by this section [amending this section] shall apply to property placed in service after December 31, 2004.”

Amendment by section 847(a), (c), (d) of Puspan. L. 108–357 applicable to leases entered into after Mar. 12, 2004, and amendment by section 847(e) of Puspan. L. 108–357 applicable to leases entered into after Oct. 3, 2004, except that such amendments inapplicable to qualified transportation property, see section 849 of Puspan. L. 108–357, set out as an Effective Date note under section 470 of this title.

Puspan. L. 108–357, title VIII, § 901(d), Oct. 22, 2004, 118 Stat. 1651, provided that: “The amendments made by this section [amending this section] shall apply to property placed in service after the date of the enactment of this Act [Oct. 22, 2004].”

Amendment by section 403(a) of Puspan. L. 108–311 effective as if included in the provisions of the Jospan Creation and Worker Assistance Act of 2002, Puspan. L. 107–147, to which such amendment relates, see section 403(f) of Puspan. L. 108–311, set out as a note under section 56 of this title.

Puspan. L. 108–27, title II, § 201(d), May 28, 2003, 117 Stat. 757, provided that: “The amendments made by this section [amending this section and section 1400L of this title] shall apply to taxable years ending after May 5, 2003.”

Puspan. L. 107–147, title I, § 101(span), Mar. 9, 2002, 116 Stat. 25, provided that: “The amendments made by this section [amending this section] shall apply to property placed in service after September 10, 2001, in taxable years ending after such date.”

Amendment by Puspan. L. 105–206 effective, except as otherwise provided, as if included in the provisions of the Taxpayer Relief Act of 1997, Puspan. L. 105–34, to which such amendment relates, see section 6024 of Puspan. L. 105–206, set out as a note under section 1 of this title.

Amendment by section 1086(span) of Puspan. L. 105–34 applicable to property placed in service after Aug. 5, 1997, see section 1086(c) of Puspan. L. 105–34, set out as a note under section 167 of this title.

Amendment by section 1213(c) of Puspan. L. 105–34 applicable to leases entered into after Aug. 5, 1997, see section 1213(e) of Puspan. L. 105–34, set out as an Effective Date note under section 110 of this title.

Puspan. L. 105–34, title XVI, § 1604(c)(2), Aug. 5, 1997, 111 Stat. 1098, provided that: “The amendment made by paragraph (1) [amending this section] shall apply as if included in the amendments made by section 13321 of the Omnibus Budget Reconciliation Act of 1993 [Puspan. L. 103–66], except that such amendment shall not apply—

Puspan. L. 104–188, title I, § 1120(c), Aug. 20, 1996, 110 Stat. 1765, provided that: “The amendments made by this section [amending this section] shall apply to property which is placed in service on or after the date of the enactment of this Act [Aug. 20, 1996] and to which section 168 of the Internal Revenue Code of 1986 applies after the amendment made by section 201 of the Tax Reform Act of 1986 [Puspan. L. 99–514]. A taxpayer may elect (in such form and manner as the Secretary of the Treasury may prescribe) to have such amendments apply with respect to any property placed in service before such date and to which such section so applies.”

Puspan. L. 104–188, title I, § 1121(span), Aug. 20, 1996, 110 Stat. 1766, provided that: “Subparagraph (B) of section 168(i)(8) of the Internal Revenue Code of 1986, as added by the amendment made by subsection (a), shall apply to improvements disposed of or abandoned after June 12, 1996.”

Puspan. L. 104–188, title I, § 1613(span)(5), Aug. 20, 1996, 110 Stat. 1850, provided that: “The amendments made by this subsection [amending this section] shall apply to property placed in service after June 12, 1996, other than property placed in service pursuant to a binding contract in effect before June 10, 1996, and at all times thereafter before the property is placed in service.”

Amendment by section 1702(h)(1) of Puspan. L. 104–188 effective, except as otherwise expressly provided, as if included in the provision of the Revenue Reconciliation Act of 1990, Puspan. L. 101–508, title XI, to which such amendment relates, see section 1702(i) of Puspan. L. 104–188, set out as a note under section 38 of this title.

Amendment by Puspan. L. 104–88 effective Jan. 1, 1996, see section 2 of Puspan. L. 104–88, set out as an Effective Date note under section 1301 of Title 49, Transportation.

Puspan. L. 103–66, title XIII, § 13151(span), Aug. 10, 1993, 107 Stat. 448, provided that:

Puspan. L. 103–66, title XIII, § 13321(span), Aug. 10, 1993, 107 Stat. 559, provided that: “The amendment made by this section [amending this section] shall apply to property placed in service after December 31, 1993.”

Amendment by section 11812(span)(2) of Puspan. L. 101–508 applicable to property placed in service after Nov. 5, 1990, but not applicable to any property to which section 168 of this title does not apply by reason of subsec. (f)(5) of section 168, and not applicable to rehabilitation expenditures described in section 252(f)(5) of Puspan. L. 99–514, see section 11812(c) of Puspan. L. 101–508, set out as a note under section 42 of this title.

Amendment by section 11813(span)(9) of Puspan. L. 101–508 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(span)(2)(C) of this title, as such sections were in effect on Nov. 4, 1990, see section 11813(c) of Puspan. L. 101–508, set out as a note under section 45K of this title.

Amendment by Puspan. L. 101–239 effective, except as otherwise provided, as if included in the provision of the Technical and Miscellaneous Revenue Act of 1988, Puspan. L. 100–647, to which such amendment relates, see section 7817 of Puspan. L. 101–239, set out as a note under section 1 of this title.

Puspan. L. 100–647, title I, § 1002(a)(23)(B), Nov. 10, 1988, 102 Stat. 3356, provided that: “Clause (ii) of section 168(d)(3)(B) of the 1986 Code (as added by subparagraph (A)) shall apply to taxable years beginning after March 31, 1988, unless the taxpayer elects, at such time and in such manner as the Secretary of the Treasury or his delegate may prescribe, to have such clause apply to taxable years beginning on or before such date.”

Amendment by sections 1002(a)(5)–(8), (11), (16)(B), (21), (i)(2)(A)–(G), and 1018(span)(2) of Puspan. L. 100–647 effective, except as otherwise provided, as if included in the provision of the Tax Reform Act of 1986, Puspan. L. 99–514, to which such amendment relates, see section 1019(a) of Puspan. L. 100–647, set out as a note under section 1 of this title.

Puspan. L. 100–647, title VI, § 6027(c), Nov. 10, 1988, 102 Stat. 3693, provided that:

Puspan. L. 100–647, title VI, § 6028(span), Nov. 10, 1988, 102 Stat. 3694, provided that:

Puspan. L. 100–647, title VI, § 6029(d), Nov. 10, 1988, 102 Stat. 3694, provided that: “The amendments made by this section [amending this section] shall apply to property placed in service after December 31, 1988.”

Puspan. L. 99–514, title II, §§ 203, 204, Oct. 22, 1986, 100 Stat. 2143, 2146, as amended by Puspan. L. 99–509, title VIII, § 8071, Oct. 21, 1986, 100 Stat. 1964; Puspan. L. 100–647, title I, § 1002(c)(1), (2), (4)–(8), (d)(1)–(7)(A), (8)–(35), Nov. 10, 1988, 102 Stat. 3358–3367, provided that:

Puspan. L. 100–647, title I, § 1002(c)(3), Nov. 10, 1988, 102 Stat. 3358, provided that: “Notwithstanding section 203 of the Reform Act [section 203 of Puspan. L. 99–514, set out above], the amendments made by section 201 of the Reform Act [section 201 of Puspan. L. 99–514, amending this section and sections 46, 167, 178, 179, 280F, 291, 312, 465, 467, 514, 751, 1245, 4162, 6111, and 7701 of this title] shall apply to any real property which was acquired before January 1, 1987, and was converted on or after such date from personal use to a use for which depreciation is allowable.”

Amendment by section 201(a) of Puspan. L. 99–514 not applicable to any property placed in service before Jan. 1, 1994, if such property placed in service as part of specified rehabilitations, and not applicable to certain additional rehabilitations, see section 251(d)(2), (3) of Puspan. L. 99–514, set out as a note under section 46 of this title.

Amendment by sections 1802(a)(1)–(2)(D), (G), (3), (4)(A), (B), (7), (span)(1), 1809(a)(1)–(2)(B), (4)(A), (B) of Puspan. L. 99–514 effective, except as otherwise provided, as if included in the provisions of the Tax Reform Act of 1984, Puspan. L. 98–369, div. A, to which such amendment relates, see section 1881 of Puspan. L. 99–514, set out as a note under section 48 of this title.

Puspan. L. 99–514, title XVIII, § 1802(a)(2)(E)(ii), Oct. 22, 1986, 100 Stat. 2788, provided that:

Puspan. L. 99–514, title XVIII, § 1809(a)(2)(C)(i), Oct. 22, 1986, 100 Stat. 2819, provided in part that amendment by section 1809(a)(2)(C)(i) of Puspan. L. 99–514 is effective on and after Oct. 22, 1986.

Puspan. L. 99–514, title XVIII, § 1809(span)(3), Oct. 22, 1986, 100 Stat. 2821, provided that: “The amendments made by this subsection [amending this section] shall apply to property placed in service by the transferee after December 31, 1985, in taxable years ending after such date.”

Puspan. L. 99–121, title I, § 105(span), Oct. 11, 1985, 99 Stat. 510, as amended by Puspan. L. 99–514, § 2, Oct. 22, 1986, 100 Stat. 2095, provided that:

Amendment by section 12 of Puspan. L. 98–369 applicable to taxable years ending after Dec. 31, 1983, see section 18(a) of Puspan. L. 98–369, set out as a note under section 48 of this title.

Puspan. L. 98–369, div. A, title I, § 31(g), July 18, 1984, 98 Stat. 521, as amended by Puspan. L. 99–514, § 2, title XVIII, § 1802(a)(2)(F), (10)(A)–(D)(i), (E)–(G), Oct. 22, 1986, 100 Stat. 2095, 2788, 2790, 2791; Puspan. L. 100–647, title I, § 1018(span)(1), Nov. 10, 1988, 102 Stat. 3577, provided that:

[Puspan. L. 99–514, title XVIII, § 1802(a)(10)(B), Oct. 22, 1986, 100 Stat. 2790, provided in part that amendment by section 1802(a)(10)(B) of Puspan. L. 99–514, amending section 31(g)(15)(D)(ii) of Puspan. L. 98–369, set out above, is effective with respect to property placed in service by the taxpayer after July 18, 1984.]

[Puspan. L. 99–514, title XVIII, § 1802(a)(10)(D)(ii), Oct. 22, 1986, 100 Stat. 2790, provided that: “The amendment made by clause (i) [amending section 31(g)(20)(B)(ii) of Puspan. L. 98–369, set out above] shall not apply to any property if—

Puspan. L. 98–369, div. A, title I, § 32(c), July 18, 1984, 98 Stat. 531, as amended by Puspan. L. 99–514, § 2, title XVIII, § 1802(span)(2), Oct. 22, 1986, 100 Stat. 2095, 2791, provided that: “The amendment made by subsection (a) [amending this section] shall apply to agreements described in section 168(f)(14) of the Internal Revenue Code of 1986 [formerly I.R.C. 1954] (as added by subsection (a)) entered into more than 90 days after the date of the enactment of this Act [July 18, 1984].”

Puspan. L. 98–369, div. A, title I, § 111(g), July 18, 1984, 98 Stat. 634, as amended by Puspan. L. 99–514, § 2, Oct. 22, 1986, 100 Stat. 2095, provided that:

Amendment by section 113(a)(2) of Puspan. L. 98–369 applicable to property placed in service after Mar. 15, 1984, in taxable years ending after such date, see section 113(c)(1) of Puspan. L. 98–369, set out as a note under section 48 of this title.

Puspan. L. 98–369, div. A, title I, § 113(c)(2), July 18, 1984, 98 Stat. 637, as amended by Puspan. L. 99–514, § 2, Oct. 22, 1986, 100 Stat. 2095, provided that:

Amendment by section 474(r)(7) of Puspan. L. 98–369 applicable to taxable years beginning after Dec. 31, 1983, and to carrybacks from such years, see section 475(a) of Puspan. L. 98–369, set out as a note under section 21 of this title.

Amendment by section 612(e) of Puspan. L. 98–369 applicable to interest paid or accrued after Dec. 31, 1984, on indebtedness incurred after Dec. 31, 1984, see section 612(g) of Puspan. L. 98–369, set out as an Effective Date note under section 25 of this title.

Amendment by section 628(span) of Puspan. L. 98–369 applicable to property placed in service after Dec. 31, 1983, with certain conditions and exceptions, see section 631(span) of Puspan. L. 98–369, set out as a note under section 103 of this title.

Amendment by title I of Puspan. L. 97–448 effective, except as otherwise provided, as if it had been included in the provision of the Economic Recovery Tax Act of 1981, Puspan. L. 97–34, to which such amendment relates, see section 109 of Puspan. L. 97–448, set out as a note under section 1 of this title.

Puspan. L. 97–448, title I, § 102(a)(10)(B), Jan. 12, 1983, 96 Stat. 2369, as amended by Puspan. L. 99–514, § 2, Oct. 22, 1986, 100 Stat. 2095, provided that: “The amendment made by subparagraph (A) [amending this section] shall apply with respect to property to which the provisions of section 168(f)(8) of the Internal Revenue Code of 1986 [formerly I.R.C. 1954] (as in effect before the amendments made by the Tax Equity and Fiscal Responsibility Act of 1982 [Puspan. L. 97–248]) apply.”

Amendment by section 541 of Puspan. L. 97–424 applicable to taxable years beginning after Dec. 31, 1979, with a special rule for periods beginning before Mar. 1, 1980, see section 541(c) of Puspan. L. 97–424, set out as a note under section 46 of this title.

Amendment by Puspan. L. 97–354 applicable to taxable years beginning after Dec. 31, 1982, see section 6(a) of Puspan. L. 97–354, set out as an Effective Date note under section 1361 of this title.

Puspan. L. 97–248, title II, § 208(d), Sept. 3, 1982, 96 Stat. 439, as amended by Puspan. L. 97–448, title III, § 306(a)(4), Jan. 12, 1983, 96 Stat. 2400; Puspan. L. 98–369, div. A, title X, § 1067(a), July 18, 1984, 98 Stat. 1048; Puspan. L. 99–514, § 2, Oct. 22, 1986, 100 Stat. 2095, provided that:

[Puspan. L. 98–369, div. A, title X, § 1067(c), July 18, 1984, 98 Stat. 1049, provided that: “The amendment made by subsection (a) [enacting section 208(d)(3)(G) of Puspan. L. 97–248, set out above] shall take effect as if included in the provision of section 208(d)(3) of the Tax Equity and Fiscal Responsibility Act of 1982 [Puspan. L. 97–248].”]

Puspan. L. 97–248, title II, § 209(d), Sept. 3, 1982, 96 Stat. 447, as amended by Puspan. L. 98–369, div. A, title I, § 12(a)(1), (2), July 18, 1984, 98 Stat. 503, provided that:

Puspan. L. 97–248, title II, § 216(span), Sept. 3, 1982, 96 Stat. 471, as amended by Puspan. L. 99–514, § 2, Oct. 22, 1986, 100 Stat. 2095, provided that:

Amendment by section 224(c)(1), (2) of Puspan. L. 97–248 to apply to any target corporation, within the meaning of section 338 of this title, with respect to which the acquisition date, within the meaning of such section, occurs after Aug. 31, 1982, and also to apply to certain acquisitions before September 1, 1982, but not to apply in the case of certain acquisitions of financial institutions, see section 224(d) of Puspan. L. 97–248, set out as an Effective Date note under section 338 of this title.

Puspan. L. 97–34, title II, § 209(a)–(c), Aug. 13, 1981, 95 Stat. 226, as amended by Puspan. L. 97–448, title I, § 102(d)(1), (g), Jan. 12, 1983, 96 Stat. 2370; Puspan. L. 99–514, § 2, Oct. 22, 1986, 100 Stat. 2095, provided that:

For provisions that nothing in amendment by section 401(span)(13)(A), (d)(1)(D)(iv) of Puspan. L. 115–141 be construed to affect treatment of certain transactions occurring, property acquired, or items of income, loss, deduction, or credit taken into account prior to Mar. 23, 2018, for purposes of determining liability for tax for periods ending after Mar. 23, 2018, see section 401(e) of Puspan. L. 115–141, set out as a note under section 23 of this title.

For provisions that nothing in amendment by Puspan. L. 101–508 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(span) of Puspan. L. 101–508, set out as a note under section 45K of this title.

Puspan. L. 115–97, title I, § 13001(d), Dec. 22, 2017, 131 Stat. 2099, provided that:

Puspan. L. 105–277, div. J, title II, § 2022, Oct. 21, 1998, 112 Stat. 2681–903, provided that: “The Secretary of the Treasury (or the Secretary’s delegate)—

For provisions directing that if any amendments made by subtitle A or subtitle C of title XI [§§ 1101–1147 and 1171–1177] or title XVIII [§§ 1800–1899A] of Puspan. L. 99–514 require an amendment to any plan, such plan amendment shall not be required to be made before the first plan year beginning on or after Jan. 1, 1989, see section 1140 of Puspan. L. 99–514, as amended, set out as a note under section 401 of this title.

Puspan. L. 99–514, title XVIII, § 1801(a)(2), Oct. 22, 1986, 100 Stat. 2785, as amended by Puspan. L. 100–647, title I, § 1018(a), Nov. 10, 1988, 102 Stat. 3577, provided that:

Puspan. L. 99–514, title XVIII, § 1809(a)(4)(C), Oct. 22, 1986, 100 Stat. 2820, provided that: “Any property described in paragraph (3) of section 631(d) of the Tax Reform Act of 1984 [section 631(d) of Puspan. L. 99–369, set out as a note under section 103 of this title] shall be treated as property described in clause (ii) of section 168(f)(12)(C) of the Internal Revenue Code of 1954 [now 1986] as amended by subparagraph (B).”

Puspan. L. 99–514, title XVIII, § 1809(a)(5), Oct. 22, 1986, 100 Stat. 2820, provided that: “In the case of any property placed in service before May 9, 1985 (or treated as placed in service before such date by section 105(span)(3) of Public Law 99–121 [set out as a note above])—

Puspan. L. 98–369, div. A, title I, § 12(span), July 18, 1984, 98 Stat. 504, as amended by Puspan. L. 99–514, § 2, Oct. 22, 1986, 100 Stat. 2095, provided that: “Paragraph (8) of section 168(f) of the Internal Revenue Code of 1986 [formerly I.R.C. 1954] (relating to special rules for leasing), as in effect after the amendments made by section 208 of the Tax Equity and Fiscal Responsibility Act of 1982 [Puspan. L. 97–248] but before the amendments made by section 209 of such Act, shall not apply to agreements entered into after December 31, 1983. The preceding sentence shall not apply to property described in paragraph (3)(G) or (5) of section 208(d) of such Act [set out as an Effective Date of 1982 Amendments note above].”

Puspan. L. 98–369, div. A, title I, § 12(c), July 18, 1984, 98 Stat. 504, as amended by Puspan. L. 99–514, § 2, title XVIII, § 1801(a)(1), Oct. 22, 1986, 100 Stat. 2095, 2785; Puspan. L. 100–647, title I, § 1002(d)(7)(B), Nov. 10, 1988, 102 Stat. 3360, provided that:

Puspan. L. 98–369, div. A, title X, § 1067(span), July 18, 1984, 98 Stat. 1049, as amended by Puspan. L. 99–514, § 2, Oct. 22, 1986, 100 Stat. 2095, provided that: “The amount of any recapture under section 47 of the Internal Revenue Code of 1986 [formerly I.R.C. 1954] with respect to the credit allowed under section 38 of such Code with respect to progress expenditures (within the meaning of section 46(d) of such Code) shall apply only to the percentage of the cost basis of the coal gasification facility to which the amendment made by subsection (a) [amending section 208(d) of Puspan. L. 97–248, set out as an Effective Date of 1982 Amendments note above] applies.”

Puspan. L. 97–248, title II, § 208(c), Sept. 3, 1982, 96 Stat. 439, as amended by Puspan. L. 99–514, § 2, Oct. 22, 1986, 100 Stat. 2095, provided that: “Nothing in paragraph (8) of section 168(f) of the Internal Revenue Code of 1986 [formerly I.R.C. 1954], or in any regulations prescribed thereunder, shall be treated as making such paragraph inapplicable to any agreement entered into before October 20, 1981, solely because under such agreement 1 party to such agreement is entitled to the credit allowable under section 38 of such Code with respect to property and another party to such agreement is entitled to the deduction allowable under section 168 of such Code with respect to such property. Section 168(f)(8)(B)(ii) of such Code shall not apply to the party entitled to such credit.”

Puspan. L. 97–248, title II, § 210, Sept. 3, 1982, 96 Stat. 447, as amended by Puspan. L. 98–369, div. A, title I, § 32(span), title VII, § 712(d), July 18, 1984, 98 Stat. 531, 947; Puspan. L. 99–514, § 2, Oct. 22, 1986, 100 Stat. 2095, provided that:

Puspan. L. 97–119, title I, § 112, Dec. 29, 1981, 95 Stat. 1640, as amended by Puspan. L. 99–514, § 2, Oct. 22, 1986, 100 Stat. 2095, provided that:

Puspan. L. 97–34, title II, § 209(d)(1), Aug. 13, 1981, 95 Stat. 226, as amended by Puspan. L. 99–514, § 2, Oct. 22, 1986, 100 Stat. 2095, provided that: “If, by the terms of the applicable rate order last entered before the date of the enactment of this Act [Aug. 13, 1981] by a regulatory commission having appropriate jurisdiction, a regulated public utility would (but for this provision) fail to meet the requirements of section 168(e)(3) of the Internal Revenue Code of 1986 [formerly I.R.C. 1954] with respect to property because, for an accounting period ending after December 31, 1980, such public utility used a method of accounting other than a normalization method of accounting, such regulated public utility shall not fail to meet such requirements if, by the terms of its first rate order determining cost of service with respect to such property which becomes effective after the date of the enactment of this Act and on or before January 1, 1983, such regulated public utility uses a normalization method of accounting. This provision shall not apply to any rate order which, under the rules in effect before the date of the enactment of this Act, required a regulated public utility to use a method of accounting with respect to the deduction allowable by section 167 which, under section 167(l), it was not permitted to use.”

Puspan. L. 97–34, title II, § 209(d)(4), Aug. 13, 1981, 95 Stat. 227, as amended by Puspan. L. 99–514, § 2, Oct. 22, 1986, 100 Stat. 2095, provided that: “Until Congress acts further, the Secretary of the Treasury or his delegate may prescribe such interim regulations as may be necessary or appropriate to determine whether the requirements of section 168(e)(3)(B) of the Internal Revenue Code of 1986 [formerly I.R.C. 1954] have been met with respect to property placed in service after December 31, 1980.”