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26 U.S.C. § 182 — Repealed. Pub. L. 99–514, title IV, § 402(a), Oct. 22, 1986, 100 Stat. 2221]
Federal law — U.S. Code and appendices · legal_authorities
### Statutory Notes
Section, added Pub. L. 87–834, § 21(a), Oct. 16, 1962, 76 Stat. 1063; amended Pub. L. 94–455, title XIX, § 1906(b)(13)(A), Oct. 4, 1976, 90 Stat. 1834, authorized deduction of expenditures by farmers for clearing land.
#### Effective Date of Repeal
Pub. L. 99–514, title IV, § 402(c), Oct. 22, 1986, 100 Stat. 2221, provided that: “The amendments made by this section [amending sections 263 and 1252 of this title and repealing this section] shall apply to amounts paid or incurred after December 31, 1985, in taxable years ending after such date.”
Source: Supplied U.S. Code snapshot — release unconfirmed · 26 U.S.C. § 182
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Source file: Laws/federal/codes/united-states-code/title-26/section-182-repealed-pub-l-99514-title-iv-402-a-oct-22-1986-100-stat-2221--d511f8f4c4.md
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Source location: Title 26, Chapter 1, § 182; chapter-001-normal-taxes-and-surtaxes.md
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### Statutory Notes
Section, added Pub. L. 87–834, § 21(a), Oct. 16, 1962, 76 Stat. 1063; amended Pub. L. 94–455, title XIX, § 1906(b)(13)(A), Oct. 4, 1976, 90 Stat. 1834, authorized deduction of expenditures by farmers for clearing land.
#### Effective Date of Repeal
Pub. L. 99–514, title IV, § 402(c), Oct. 22, 1986, 100 Stat. 2221, provided that: “The amendments made by this section [amending sections 263 and 1252 of this title and repealing this section] shall apply to amounts paid or incurred after December 31, 1985, in taxable years ending after such date.”
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Federal law — U.S. Code and appendices · legal_authorities
**(a) General rule**
(1) **Ordinary income** — Except as otherwise provided in this section, if farm land which the taxpayer has held for less than 10 years is disposed of, the lower of—
(A) the applicable percentage of the aggregate of the deductions allowed under section 175 (relating to soil and water conservation expenditures) for expenditures made by the taxpayer with respect to the farm land or
(B) the excess of—
(i) the amount realized (in the case of a sale, exchange, or involuntary conversion), or the fair market value of the farm land (in the case of any other disposition), over
(ii) the adjusted basis of such land,
shall be treated as ordinary income. Such gain shall be recognized notwithstanding any other provision of this subtitle.
(2) **Farm land** — For purposes of this section, the term “farm land” means any land with respect to which deductions have been allowed under section 175 (relating to soil and water conservation expenditures).
(3) **Applicable percentage** — For purposes of this section— If the farm land is disposed of—The applicablepercentage is— Within 5 years after the date it was acquired100 percent. Within the sixth year after it was acquired80 percent. Within the seventh year after it was acquired60 percent. Within the eighth year after it was acquired40 percent. Within the ninth year after it was acquired20 percent. 10 years or more years after it was acquired0 percent.
**(b) Special rules** Under regulations prescribed by the Secretary, rules similar to the rules of section 1245 shall be applied for purposes of this section.
Source: Supplied U.S. Code snapshot — release unconfirmed · 26 U.S.C. § 1252
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Federal law — U.S. Code and appendices · legal_authorities
**(a) General rule** No deduction shall be allowed for—
(1) Any amount paid out for new buildings or for permanent improvements or betterments made to increase the value of any property or estate. This paragraph shall not apply to—
(A) expenditures for the development of mines or deposits deductible under section 616,
(B) research and experimental expenditures deductible under section 174 or 174A,
(C) soil and water conservation expenditures deductible under section 175,
(D) expenditures by farmers for fertilizer, etc., deductible under section 180,
(E) expenditures for removal of architectural and transportation barriers to the handicapped and elderly which the taxpayer elects to deduct under section 190,
(F) expenditures for tertiary injectants with respect to which a deduction is allowed under section 193,
(G) expenditures for which a deduction is allowed under section 179,
(H) expenditures for which a deduction is allowed under section 179B,
(I) expenditures for which a deduction is allowed under section 179C,
(J) expenditures for which a deduction is allowed under section 179D, or
(K) expenditures for which a deduction is allowed under section 179E.
(2) Any amount expended in restoring property or in making good the exhaustion thereof for which an allowance is or has been made.
**(b) Repealed. Pub. L. 101–508, title XI, § 11801(a)(16), Nov. 5, 1990, 104 Stat. 1388–520]**
**(c) Intangible drilling and development costs in the case of oil and gas wells and geothermal wells** Notwithstanding subsection (a), and except as provided in subsection (i), regulations shall be prescribed by the Secretary under this subtitle corresponding to the regulations which granted the option to deduct as expenses intangible drilling and development c
Source: Supplied U.S. Code snapshot — release unconfirmed · 26 U.S.C. § 263
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Federal law — U.S. Code and appendices · legal_authorities
Page 912
TITLE 26—INTERNAL REVENUE CODE
[§ 182
apply to productions commencing after December 31,
2015.
‘‘(B) COMMENCEMENT.—For purposes of subpara-
graph (A), the date on which a qualified live theat-
rical production commences is the date of the first
public performance of such production for a paying
audience.’’
EFFECTIVE DATE OF 2014 AMENDMENT
Pub. L. 113–295, div. A, title I, § 129(b), Dec. 19, 2014, 128
Stat. 4018, provided that: ‘‘The amendment made by
this section [amending this section] shall apply to pro-
ductions commencing after December 31, 2013.’’
EFFECTIVE DATE OF 2013 AMENDMENT
Pub. L. 112–240, title III, § 317(b), Jan. 2, 2013, 126 Stat.
2331, provided that: ‘‘The amendment made by this sec-
tion [amending this section] shall apply to productions
commencing after December 31, 2011.’’
EFFECTIVE DATE OF 2010 AMENDMENT
Pub. L. 111–312, title VII, § 744(b), Dec. 17, 2010, 124
Stat. 3319, provided that: ‘‘The amendment made by
this section [amending this section] shall apply to pro-
ductions commencing after December 31, 2009.’’
EFFECTIVE DATE OF 2008 AMENDMENT
Pub. L. 110–343, div. C, title V, § 502(e), Oct. 3, 2008, 122
Stat. 3877, provided that:
‘‘(1) IN
GENERAL.—Except as otherwise provided in
this subsection, the amendments made by this section
[amending this section and section 199 of this title]
shall apply to qualified film and television productions
commencing after December 31, 2007.
‘‘(2) DEDUCTION.—The amendments made by sub-
section (c) [amending section 199 of this title] shall
apply to taxable years beginning after December 31,
2007.’’
EFFECTIVE DATE OF 2005 AMENDMENT
Amendment by Pub. L. 109–135 effective as if included
in the provision of the American Jobs Creation Act of
2004, Pub. L. 108–357, to which such amendme
Source: Supplied 2024 U.S. Code historical extraction · 26 U.S.C. § 182
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