Treasury Regulations · 26 CFR
§ 1.280F-1T. Limitations on investment tax credit and recovery deductions under section 168 for passenger automobiles and certain other listed property; overview of regulations (temporary).
Regulation text, no changes From the eCFR, current as of October 15, 2026. The eCFR is an authoritative but unofficial editorial compilation of the Code of Federal Regulations; the official text is the annual CFR on govinfo. Compare it with this section on ecfr.gov (external site) or the official annual CFR on govinfo (external site).
Regulation under 26 U.S.C. § 280F
Cite as 26 CFR § 1.280F-1T
At a glance
Read from the text and its source citation. Not part of the regulation.
- Status
- In the current eCFR
- Issued
- October 24, 1984 by T.D. 7986
- Last amended
- June 25, 2004 by T.D. 9133
- Issued under
- 26 U.S.C. § 280F
- Length
- 599 words · about 3 min to read
- Cross-references
- cites 3 Code sections and 2 regulations; cited by 0
¶(a) In general. Section 280F(a) limits the amount of investment tax credit determined under section 46(a) and recovery deductions under section 168 for passenger automobiles. Section 280F(b) denies the investment tax credit and requires use of the straight line method of recovery for listed property that is not predominantly used in a qualified business use. In certain circumstances, section 280F(b) requires the recapture of an amount of cost recovery deductions previously claimed by the taxpayer. Section 280F(c) provides that lessees are to be subject to restrictions substantially equivalent to those imposed on owners of such property under section 280F (a) and (b). Section 280F(d) provides definitions and special rules; note that section 280F(d) (2) and (3) apply with respect to all listed property, even if the other provisions of section 280F do not affect the treatment of the property.
¶(b) Key to Code provisions. The following table identifies the provisions of section 280F under which regulations are provided, and lists each provision below with its corresponding regulation section:
| Section 1.280F-2T | Section 1.280F-3T | Section 1.280F-4T | Sections 1.280F-5T and 1.280F-7 | Section 1.280F-6 |
|---|---|---|---|---|
| (a) | (b) | (d)(2) | (c) | (d)(3) |
| (d)(1) | (d)(1) | (d)(4) | ||
| (d)(8) | (d)(5) | |||
| (d)(10) | (d)(6) |
Sections 1.280F-2T(f) and 1.280F-4T(b) also provide special rules for improvements to passenger automobiles and other listed property that qualify as capital expenditures.
¶(c) Effective dates—
¶(1) In general. This section and §§ 1.280F-2T through 1.280F-6 apply to property placed in service or leased after June 18, 1984, in taxable years ending after that date. Section 1.280F-7 applies to property leased after December 31, 1986, in taxable years ending after that date.
¶(i) Acquired pursuant to a binding contract in effect on June 18, 1984, and at all times thereafter, or under construction by the taxpayer on that date, but only if the property is placed in service before January 1, 1985 (January 1, 1987, in the case of 15-year real property), or
¶(ii) Leased pursuant to a binding contract in effect on June 18, 1984, and at all times thereafter, but only if the lessee first uses such property under the lease before January 1, 1985 (January 1, 1987, in the case of 15-year real property).
¶(3) Leased passenger automobiles. Section 1.280F-5T(e) generally applies to passenger automobiles leased after April 2, 1985, and before January 1, 1987, in taxable years ending after April 2, 1985. Section 1.280F-5T(e) generally applies to passenger automobiles leased after April 2, 1985, in taxable years ending after that date. Section 1.280F-5T(e) does not apply to any passenger automobile that is leased pursuant to a binding contract, which is entered into no later than April 2, 1985, and which is in effect at all times thereafter, but only if the automobile is used under the lease before August 1, 1985. If § 1.280F-5T(e) does not apply to a passenger automobile, see paragraph (c) (1) and (2) of this section. Section 1.280F-7(a) applies to passenger automobiles leased after December 31, 1986, in taxable years ending after that date.
[T.D. 7986, 49 FR 42704, Oct. 24, 1984, as amended by T.D. 8061, 50 FR 46038, Nov. 6, 1985; T.D. 8218, 53 FR 29881, Aug. 9, 1988; T.D. 8473, 58 FR 19060, Apr. 12, 1993; T.D. 9133, 69 FR 35514, June 25, 2004]
Cross-references
Computed from the citations in the text of 26 CFR.
Code sections it cites
- § 280F Limitation on depreciation for luxury automobiles; limitation where certain property used for personal purposes
- § 46 Amount of credit
- § 168 Accelerated cost recovery system
Regulations it cites
Amendment history
From the source citation at the end of the section, newest first. T.D. is a Treasury decision; FR is the Federal Register.
- Amended by T.D. 9133 (69 FR 35514)
- Amended by T.D. 8473 (58 FR 19060)
- Amended by T.D. 8218 (53 FR 29881)
- Amended by T.D. 8061 (50 FR 46038)
- Issued by T.D. 7986 (49 FR 42704)
Where it sits in 26 CFR
- Subchapter A Income tax
- Part 1 Income taxes
- Items Not Deductible
Nearby sections
- § 1.280B-1 Demolition of structures.
- § 1.280C-1 Disallowance of certain deductions for wage or salary expenses.
- § 1.280C-3 Disallowance of certain deductions for qualified clinical testing expenses when section 28 credit is allowable.
- § 1.280C-4 Credit for increasing research activities.
- § 1.280F-1T Limitations on investment tax credit and recovery deductions under section 168 for passenger automobiles and certain other listed property; overview of regulations (temporary).
- § 1.280F-2T Limitations on recovery deductions and the investment tax credit for certain passenger automobiles (temporary).
- § 1.280F-3T Limitations on recovery deductions and the investment tax credit when the business use percentage of listed property is not greater than 50 percent (temporary).
- § 1.280F-4T Special rules for listed property (temporary).
- § 1.280F-5T Leased property (temporary).