26 U.S.C. 1245: Gain from dispositions of certain depreciable property

2018

• Pub. L. 115–141 struck out ", 185" after "179E". (Consolidated Appropriations Act, 2018) Law text · (a)

2014

• Pub. L. 113–295 struck out "179A," after "179,". Law text · (a), (3)

2006

• Pub. L. 109–432 inserted "179E," after "179D,". (Tax Relief and Health Care Act of 2006) Law text · (a), (3)

2005

• Pub. L. 109–135, §403(e)(2), (i)(2), inserted "181," after "179B," and substituted "193, or 194" for "or 193". (Gulf Opportunity Zone Act of 2005) Law text · (a)
• Pub. L. 109–58, §1331(b)(2), inserted "179D," after "179C,". (Energy Policy Act of 2005) Law text · (a)
• Pub. L. 109–58, §1323(b)(1), inserted "179C," after "179B,". (Energy Policy Act of 2005) Law text · (a)
• Pub. L. 109–58, §1331(b)(2), inserted "179D," after "179C,". (Energy Policy Act of 2005) Law text · (a)
• Pub. L. 109–58, §1323(b)(1), inserted "179C," after "179B,". (Energy Policy Act of 2005) Law text · (a)
• Pub. L. 109–135, §402(a)(6)(B), substituted "paragraph (6)" for "paragraph (7)". (Gulf Opportunity Zone Act of 2005) Law text · (b)
• Pub. L. 109–135, §402(a)(6)(A), redesignated pars. (6) to (9) as (5) to (8), respectively, and struck out heading and text of former par. (5). Text read as follows: "Under regulations prescribed by the Secretary, rules consistent with paragraphs (3) and (4) of this subsection… (Gulf Opportunity Zone Act of 2005) Law text · (b)
• Pub. L. 109–135, §402(a)(6)(A), redesignated par. (9) as (8). (Gulf Opportunity Zone Act of 2005) Law text · (b)
• Pub. L. 109–58, §1363(a), added par. (9). (Energy Policy Act of 2005) Law text · (b)

2004

• Pub. L. 108–357, §338(b)(5), inserted "179B," after "179A,". (American Jobs Creation Act of 2004) Law text · (a), (3)
• Pub. L. 108–357, §886(b)(2), struck out par. (4) which related to special rule for player contracts if a franchise to conduct any sports enterprise is sold or exchanged. (American Jobs Creation Act of 2004) Law text · (a)

1997

• Pub. L. 105–34 inserted "179A," after "179,". (Taxpayer Relief Act of 1997) Law text · (a), (3)

1996

• Pub. L. 104–188 reenacted heading without change and amended introductory provisions generally. Prior to amendment, introductory provisions read as follows: "For purposes of this section, the term 'section 1245 property' means any property which is or has been property of a characte… (Small Business Job Protection Act of 1996) Law text · (a)

1995

• Pub. L. 104–7 struck out "1071 and" before "1081 transactions" in heading and "section 1071 (relating to gain from sale or exchange to effectuate policies of FCC) or" before "section 1081" in text. Law text · (b)

1993

• Pub. L. 103–66, §13261(f)(4), substituted "or 193" for "193, or 1253(d)(2) or (3)". · (a)
• Pub. L. 103–66, §13261(f)(5), struck out "section 185 or 1253(d)(2) or (3)" after "amortization provided in" in introductory provisions. · (a)

1990

• Pub. L. 101–508, §11704(a)(13), substituted "or (3))" for "or (3)" in introductory provisions. · (a)
• Pub. L. 101–508, §11801(c)(6)(E), substituted "188 (as in effect before its repeal by the Revenue Reconciliation Act of 1990)," for "188,". · (a)
• Pub. L. 101–508, §11813(b)(21), substituted "section 168(i)(13)" for "section 48(p)". · (a)
• Pub. L. 101–508, §11801(c)(8)(H), struck out "371(a), 374(a)," after "332, 351, 361,". · (b)

1989

• Pub. L. 101–239, §7622(b)(2)(A)[(d)(2)(A)], substituted "193, or 1253(d)(2) or (3)" for "or 193". · (a)
• Pub. L. 101–239, §7622(b)(2)(B)[(d)(2)(B)], substituted "section 185 or 1253(d)(2) or (3)" for "section 185" in introductory provisions. · (a)

1988

• Pub. L. 100–647 added subpar. (F). · (a)

1986

• Pub. L. 99–514, §201(d)(11)(A), struck out "during a taxable year beginning after December 31, 1962, or section 1245 recovery property is disposed of after December 31, 1980," after "if section 1245 property is disposed of". · (a)
• Pub. L. 99–514, §201(d)(11)(B), amended par. (2) generally, restating former subpars. (A) to (E) and concluding provisions as subpars. (A) to (C). · (a)
• Pub. L. 99–514, §201(d)(11)(C), redesignated subpars. (D), (E), and (F) as (C), (D), and (E), respectively, and struck out former subpar. (C) which read as follows: "an elevator or an escalator". · (a)
• Pub. L. 99–514, §201(d)(11)(D), struck out par. (5) which defined "section 1245 recovery property" and par. (6) which provided special rule for qualified leased property. · (a), (6)

1985

• Pub. L. 99–121 substituted "19-year real property" for "18-year real property". · (a)

1984

• Pub. L. 98–369, §111(e)(5), substituted "18-year real property and low-income housing" for "15-year real property". · (a)
• Pub. L. 98–369, §111(e)(10), substituted "low-income housing (within the meaning of section 168(c)(2)(F))" for "15-year real property which is described in clause (i), (ii), (iii), or (iv) of section 1250(a)(1)(B)". · (d)

1983

• Pub. L. 97–448 inserted "(not including a building or its structural components)" after "a storage facility". · (a)

1981

• Pub. L. 97–34, §204(a), inserted reference to section 1245 recovery property disposed of after Dec. 31, 1980, in introductory provisions. · (a)
• Pub. L. 97–34, §§202(b)(1)–(3), 204(b), inserted reference to section 179 in subpar. (D), added subpar. (E), and, in provisions following subpar. (E), and inserted references to section 179 in three places. Pub. L. 97–34, §212(d)(2)(F), in provisions following subpar. (E), substitut… · (a)
• Pub. L. 97–34, §202(b)(3), inserted reference to section 179. · (a)
• Pub. L. 97–34, §201(b), added subpars. (E) and (F). · (a), (F)
• Pub. L. 97–34, §204(c), added par. (5). · (a)
• Pub. L. 97–34, §204(d), added par. (6). · (a)

1980

• Pub. L. 96–451, §301(c)(1)(A), (B), inserted references to section 194 in subpar. (D) and text following subpar. (D). · (a)
• Pub. L. 96–223, §251(a)(2)(C)(i)–(iii), inserted references to section 193 in subpar. (D) and text following subpar. (D). · (a)
• Pub. L. 96–451, §301(c)(1)(B), inserted reference to section 194. · (a)
• Pub. L. 96–223, §251(a)(2)(C)(i), inserted reference to section 193. · (a)
• Pub. L. 96–451, §301(c)(1)(C), added par. (8). · (b)

1978

• Pub. L. 95–600, §701(f)(3)(A), struck out from the listed sections in subpar. (D) reference to 191 and inserted "(in the case of property described in paragraph (3)(C))" before "191" in two places in next to last sentence. · (a)
• Pub. L. 95–600, §701(f)(3)(B), struck out reference to section 191. · (a)
• Pub. L. 95–600, §701(w)(2), inserted "attributable to periods after December 31, 1975," after "for the depreciation", "incurred after December 31, 1975," after "allowable for losses", and "described in clause (i)" after "of the amounts". · (a)
• Pub. L. 95–600, §701(w)(1), struck out provisions relating to the aggregate of the amounts treated as ordinary income. · (a)

1976

• Pub. L. 94–455, §1901(b)(3)(K), substituted "ordinary income" for "gain from the sale or exchange of property which is neither a capital asset nor property described in section 1231". · (a)
• Pub. L. 94–455, §§2122(b)(3)(B), 2124(a)(2), inserted reference to sections 190 and 191. · (a)
• (D). Pub. L. 94–455, §§1901(b)(11)(D), 1951(c)(2)(C), 2122(b)(3)(A), (C), 2124(a)(2), in text following subpar. (D): struck out reference to section 187 in two places; inserted "(as in effect before its repeal by the Tax Reform Act of 1976)," after "section 168," in two places;… · (a)
• Pub. L. 94–455, §§2122(b)(3)(A), 2124(a)(2), inserted reference to sections 190 and 191. · (a)
• Pub. L. 94–455, §212(b)(1), added par. (4). · (a)
• Pub. L. 94–455, §1906(b)(13)(A), struck out "or his delegate" after "Secretary". · (b)
• Pub. L. 94–455, §1901(a)(140), struck out "such organization acquiring such property," before "such organization". · (b)
• Pub. L. 94–455, §1906(b)(13)(A), struck out "or his delegate" after "Secretary". · (c)

1975

• Pub. L. 94–81, §2(a)(1), (2), inserted reference to par. (7) in par. (3), and added par. (7). · (b), (7)

1971

• Pub. L. 92–178, §303(c)(1), inserted reference to section 188 in two places in text following subpar. (D). · (a)
• Pub. L. 92–178, §104(a)(2), substituted "research facility" for "research or storage facility" in cl. (ii) and added cl. (iii). · (a), (iii)
• Pub. L. 92–178, §303(c)(2), inserted reference to section 188. · (a)

1969

• Pub. L. 91–172, §§212(a)(1), 704(b)(4)(A), (B), added subpar. (C) and inserted references to sections 169, 185, and 187, and added subpar. (D). · (a)
• Pub. L. 91–172, §§212(a)(2), 704(b)(4)(C)–(F), struck out "(other than livestock)" after "means any property" and substituted "section 167 (or subject to the allowance of amortization provided in section 185)" for "section 167" and added subpar. (D). · (a)

1964

• Pub. L. 88–272 redefined "recomputed basis" with respect to elevators or escalators in par. (2), and inserted subpar. (C) in par. (3). · (a), (3)