§179C. Election to expense certain refineries — Inbound Citations

Citations to 26 U.S.C. § 179C as a whole

• 26 U.S.C. § 168(l)(7)

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  (7) Paragraph (1) shall not apply to any qualified second generation biofuel plant property with respect to which an election has been made under section 179C (relating to election to expense certain refineries).
• 26 U.S.C. § 263(a)(1)(I)

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  (I) expenditures for which a deduction is allowed under section 179C,
• 26 U.S.C. § 312(k)(3)(B)(i)

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  (i) For purposes of computing the earnings and profits of a corporation, except as provided in clause (ii), any amount deductible under section 179, 179B, 179C, 179D, or 179E shall be allowed as a deduction ratably over the period of 5 taxable years (beginning with the taxable year for which such amount is deductible under section 179, 179B, 179C, 179D, or 179E, as the case may be).
• 26 U.S.C. § 1245(a)(2)(C)

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  (C) Any deduction allowable under section 179, 179B, 179C, 179D, 179E, 181, 190, 193, or 194 shall be treated as if it were a deduction allowable for amortization.
• 26 U.S.C. § 1245(a)(3)(C)

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  (C) so much of any real property (other than any property described in subparagraph (B)) which has an adjusted basis in which there are reflected adjustments for amortization under section 169, 179, 179B, 179C, 179D, 179E, 188 (as in effect before its repeal by the Revenue Reconciliation Act of 1990), 190, 193, or 194¹