Section 167

The initial designation of the primary highway freight system shall be the 41 518 mile network identified during the designation process for the primary freight network under section 167 d of this title as in effect on the day before the date of enactment of the fast act.

Section 167. Definitions applicable to secs. 2 redesignation of primary highway freight system. The complete real estate encyclopedia by denise l.

Section 167 a provides as a depreciation deduction a reasonable allowance for the exhaustion and wear and tear including a reasonable allowance for obsolescence of property used in a taxpayer s trade or business. Evans jd o. If a significant portion of a class of property first prescribed by the secretary of the treasury or his delegate under section 167 m of the internal revenue code of 1986 formerly i r c.

1954 consists of subsidiary assets all such subsidiary assets in such class placed in service by the taxpayer during the period beginning on january 1 1971 and ending on december 31 1973 or such earlier date on which a class which includes such subsidiary assets subsequently prescribed by the. 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. In addition to the authority prescribed in section 164 c of this title the commander of the special operations command shall be responsible for and shall have the authority to conduct all affairs of such command relating to special operations activities.

C then using the adjusted overpayment rate as defined in section 460 b 7 compounded daily on the overpayment or underpayment determined under subparagraph b. 167 the internal revenue code section that addresses depreciation deductions to find the law s text see the instructions at section federal code. The secretary shall by regulations provide for the method of determining the deduction allowable under section 167 a with respect to any tangible property for any taxable year and the succeeding taxable years during which such property changes status under this section but continues to be held by the same person.

The amount of the deduction for computer software described in section 167 f 1 and 1 197 2 c 4 is determined by amortizing the cost or other basis of the computer software using the straight line method described in 1 167 b 1 except that its salvage value is treated as zero and an amortization period of 36 months beginning on the first day of the month that the computer software is placed in service. Section 167 section 167 26 u s c. 167 c basis for depreciation i r c.