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Code · U.S. Code · Title 26 - INTERNAL REVENUE CODE · CHAPTER 1— NORMAL TAXES AND SURTAXES · Subchapter B— Computation of Taxable Income · § 280B

§ 280B. Demolition of structures

789 words·~4 min read·/usc/title-26/section-280b

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

In the case of the demolition of any structure—
(1)no deduction otherwise allowable under this chapter shall be allowed to the owner or lessee of such structure for—
(A)any amount expended for such demolition, or
(B)any loss sustained on account of such demolition; and
(2)amounts described in paragraph
(1)shall be treated as properly chargeable to capital account with respect to the land on which the demolished structure was located.
(Added Pub. L. 94–455, title XXI, § 2124(b)(1), Oct. 4, 1976, 90 Stat. 1918; amended Pub. L. 95–600, title VII, § 701(f)(5), Nov. 6, 1978, 92 Stat. 2902; Pub. L. 96–541, § 2(b), Dec. 17, 1980, 94 Stat. 3204; Pub. L. 97–34, title II, § 212(d)(2)(C), Aug. 13, 1981, 95 Stat. 239; Pub. L. 98–369, div. A, title X, § 1063(a), (b)(1), July 18, 1984, 98 Stat. 1047.)
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  • Pub. L. 94–455, title XXI, § 2124(b)(1)
  • 90 Stat. 1918
  • Pub. L. 95–600, title VII, § 701(f)(5)
  • 92 Stat. 2902
  • Pub. L. 96–541, § 2(b)
  • 94 Stat. 3204
  • Pub. L. 97–34, title II, § 212(d)(2)(C)
  • 95 Stat. 239
  • Pub. L. 98–369, div. A, title X, § 1063(a)
  • 98 Stat. 1047
  • Pub. L. 98–369
  • Pub. L. 97–34, § 212(d)(2)(C)(i)
  • Pub. L. 97–34, § 212(d)(2)(C)(ii)
  • Pub. L. 96–541
  • Pub. L. 95–600
  • Pub. L. 98–369, div. A, title X, § 1063(c)
  • Pub. L. 99–514, title XVIII, § 1878(h)
  • 100 Stat. 2904
  • Pub. L. 97–34
  • section 212(e) of Pub. L. 97–34
  • section 2124 of Pub. L. 94–455
  • section 701(f)(8) of Pub. L. 95–600
  • Pub. L. 94–455, title XXI, § 2124(b)(3)
  • Pub. L. 96–541, § 2(e)(2)
  • 94 Stat. 3205
Citation graph
cites case law
§ 280B
Demolition of structures
U.S.C.§ 46
U.S.C.§ 167
Pub. L.Pub. L. 94–455, title XXI, § 2124(b)(1)
Stat.90 Stat. 1918
Pub. L.Pub. L. 95–600, title VII, § 701(f)(5)
Stat.92 Stat. 2902
Pub. L.Pub. L. 96–541, § 2(b)
Cites 27 · showing 7Cited by 0 across 0 sources
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