Sec. 407. Tertiary injectants
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/bill/113/hr/601/ih/section-407·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Section 193 of the Internal Revenue Code of 1986 is amended by adding at the end the following new subsection: Subsection
(a)shall not apply to any taxpayer which has aggregate gross receipts for the taxable year in excess of $50,000,000. For purposes of paragraph (1), all persons treated as a single employer under subsections
(a)and
(b)of section 52 shall be treated as 1 person. . The amendment made by this section shall apply to expenses incurred after December 31, 2012.