§ 7.48-3. Election to apply the amendments made by sections 804 (a) and (b) of the Tax Reform Act of 1976 to property described in section 50(a) of the Code.

Other regulations under § 48

• § 1.48-1 Definition of section 38 property.
• § 1.48-2 New section 38 property.
• § 1.48-3 Used section 38 property.
• § 1.48-4 Election of lessor of new section 38 property to treat lessee as purchaser.
• § 1.48-5 Electing small business corporations.
• § 1.48-6 Estates and trusts.
• § 1.48-9 Definition of energy property.
• § 1.48-10 Single purpose agricultural or horticultural structures.
• § 1.48-11 Qualified rehabilitated building; expenditures incurred before January 1, 1982.
• § 1.48-12 Qualified rehabilitated building; expenditures incurred after December 31, 1981.
• § 1.48-13 Rules relating to the increased credit amount for prevailing wage and apprenticeship.
• § 1.48-14 Rules applicable to energy property.
• § 1.48-15 Election to treat clean hydrogen production facility as energy property.
• § 1.48(e)-0 Table of contents.
• § 1.48(e)-1 Low-Income Communities Bonus Credit Program.
• § 7.48-1 Election to have investment credit for movie and television films determined in accordance with previous litigation.
• § 7.48-2 Election of forty-percent method of determining investment credit for movie and television films placed in service in a taxable year beginning before January 1, 1975.

Cross-references

Computed from the citations in the text of 26 CFR.

Code sections it cites

• § 804 Life insurance deductions
• § 50 Other special rules

Regulations it cites

• § 7.48-2 Election of forty-percent method of determining investment credit for movie and television films placed in service in a taxable year beginning before January 1, 1975.

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.

1. September 22, 1977Issued by T.D. 7509 (42 FR 47828)

Where it sits in 26 CFR

1. Subchapter A Income tax
2. Part 7 Temporary income tax regulations under the tax reform act of 1976

Nearby sections

• § 7.48-1 Election to have investment credit for movie and television films determined in accordance with previous litigation.
• § 7.48-2 Election of forty-percent method of determining investment credit for movie and television films placed in service in a taxable year beginning before January 1, 1975.
• § 7.48-3 Election to apply the amendments made by sections 804 (a) and (b) of the Tax Reform Act of 1976 to property described in section 50(a) of the Code.
• § 7.57(d)-1 Election with respect to straight line recovery of intangibles.
• § 7.465-1 Amounts at risk with respect to activities begun prior to effective date; in general.
• § 7.465-2 Determination of amount at risk.
• § 7.465-3 Allocation of loss for different taxable years.