26 USC 1397 - Increase in expensing under section 179

Editorial Notes

Amendments

2020—Subsec. (c). Puspan. L. 116–260 added subsec. (c).

2000—Subsec. (a)(1)(A). Puspan. L. 106–554, § 1(a)(7) [title I, § 114(a)], substituted “$35,000” for “$20,000”.

Subsec. (c). Puspan. L. 106–554, § 1(a)(7) [title I, § 114(span)], struck out heading and text of subsec. (c). Text read as follows: “For purposes of this section, qualified zone property shall not include any property substantially all of the use of which is in any parcel described in section 1391(g)(3)(A)(iii).”

1997—Subsec. (c). Puspan. L. 105–34 added subsec. (c).

Statutory Notes and Related Subsidiaries

Effective Date 2020 Amendment

Amendment by Puspan. L. 116–260 applicable to taxable years beginning after Dec. 31, 2020, see section 118(e) of div. EE of Puspan. L. 116–260, set out as a note under section 1391 of this title.

Effective Date of 2000 Amendment

Puspan. L. 106–554, § 1(a)(7) [title I, § 114(c)], Dec. 21, 2000, 114 Stat. 2763, 2763A–601, provided that:

“The amendments made by this section [amending this section] shall apply to taxable years beginning after December 31, 2001.”