Presumption affecting burden of proof. Amendment by not applicable to anyplaced in service before Jan. Los Angeles County, 60 Cal. E Authority to make adjustments. C ii , was executed by making the insertion after item relating to subpar.
If such property would be tax- exempt use property as defined in subsection h of section 168 if such section applied to such property, the useful life under such regulations shall not be less than 125 percent of the lease term within the meaning of section 168 i 3. Added by Acts 2009, 81st Leg. B and C , which had provided tables, respectively, forplaced in service in 1985 and forplaced in service after Dec. Depreciation a General rule There shall be allowed as a depreciation deduction a reasonable allowance for the exhaustion, wear and tear including a reasonable allowance for obsolescence - 1 of property used in the trade or business, or 2 of property held for the production of income. A to a sewage or solid waste disposal facility, an air or water pollutionfacility or a facility which has received an urban development action grant under section 119 of the Housing and Community Development Act of 1974. Offer for sale, sell or otherwise dispose of or distribute any matches, unless the package or container in which such matches are packed bears plainly marked on the outside thereof the name of the manufacturer and the brand or trademark under which such matches are sold, disposed of or distributed. §167 The Internal Revenue Code section that addresses depreciation deductions.
Such term also includes a provision of an agreement which requires a lessee who is a dealer intothefor a predetermined price and then resell suchwhere such provision achieves substantially the same results as a provision described in the preceding sentence. The Reform Act of 1986, referred to in subsecs. A to C and redesignated former subpars. The date of the enactment of this subsection, referred to in subsec. Added by Acts 2015, 84th Leg.
Nothing in this subsection shall be construed to limit or reduce an allowance otherwise allowable under subsection a. For purposes of the preceding sentence, any cost incurred after the is placed in service which is not treated as a separate under paragraph 5 shall be taken into account by discounting using the Federal mid-term rate determined under section 1274 d as of the time such cost is incurred such cost to its value as of the date the is placed in service. Amendment by applicable to interestafter Dec. The taxpayer may elect with respect to any property to have the preceding sentence not apply to such property. In the case of held in the allowable deduction shall be apportioned between the income beneficiaries and thein accordance with the pertinent provisions of the instrument creating the or, in the absence of such provisions, on the basis of theincome allocable to each. Provided that the office shall be vacated by the director even if he has filed an appeal against the order of such court; g he is removed in pursuance of the provisions of this Act; h he, having been appointed a director by virtue of his holding any office or other employment in the holding, , , ceases to hold such office or other employment in that company.
Added by Acts 2009, 81st Leg. Amendment by effective as if included in the provisions of theExtenders and Alternative MinimumRelief Act of 2008, , to which such amendment relates,, set out as a note under. Text read as follows: described in this paragraph which is not qualified leasehold improvementshall not be considered qualifiedfor purposes of subsection k. Paragraphs 2 , 3 , and 4 of subsection b shall not apply to any motion picture film, video tape, or sound recording. Effective Date of 1983 Amendment Amendment by title I of effective, except as otherwise provided, as if it had been included in the provision of the Economic RecoveryAct of 1981, , to which such amendment relates,, set out as a note under.
For passenger automobiles, section 280F a 1 A limits the depreciation deduction by listing the amounts a taxpayer can deduct in the years following its purchase. E , treatment of certain taxable entities, consisting of cl. County of Nevada 2010 187 Cal. Prior to amendment, text read as follows: ''The basis on which exhaustion, wear and tear, and obsolescence are to be allowed in respect of any property shall be the adjusted basis provided in section 1011 for the purpose of determining the gain on the sale or other disposition of such property. However, Section 280F was enacted to limit these deductions on certain listed property. The amendment made by paragraph 2 of subsection a amending this section shall apply to expenditures incurred after December 31, 1975. References in Text Paragraph 2 D , referred to in subsec.
This article provides insufficient context for those unfamiliar with the subject. D v and E iv to vi and struck out table items relating to subpar. Any change in the agreed rate and useful life specified in the agreement shall not be effective for taxable years before the taxable year in which notice in writing by certified mail or registered mail is served by the party to the agreement initiating such change. Funds in the account may be appropriated only to the board for administration of the program. Amendment by section 1511 c 4 of Pub.
B Related person The term ''related person'' means any person bearing a relationship to the taxpayer described in subsection b or e of section 267. The amendments made by section 201 shall not apply to that is part of a nonwire line system in thePublic Cellular Radio Telecommunications Service for which the Federal Communications Commission has issued a construction permit before September 26, 1985, but only if suchis placed in service before January 1, 1987. This section does not require the board to assess the property based on the taxpayer's initial estimate of value. For purposes of the preceding sentence, any cost incurred after the property is placed in service which is not treated as a separate property under paragraph 5 shall be taken into account by discounting using the Federal mid-term rate determined under section 1274 d as of the time such cost is incurred such cost to its value as of the date the property is placed in service. The board shall adopt rules relating to the issuance of a waiver under this subsection. G Treatment of pass-thru entities Rules similar to the rules of section 460 b 4 shall apply for purposes of this subsection.