26 USC 109: Improvements by lessee on lessor's property
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26 USC 109: Improvements by lessee on lessor's property Text contains those laws in effect on January 4, 1995
From Title 26-INTERNAL REVENUE CODESubtitle A-Income TaxesCHAPTER 1-NORMAL TAXES AND SURTAXESSubchapter B-Computation of Taxable IncomePART III-ITEMS SPECIFICALLY EXCLUDED FROM GROSS INCOME
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§109. Improvements by lessee on lessor's property

Gross income does not include income (other than rent) derived by a lessor of real property on the termination of a lease, representing the value of such property attributable to buildings erected or other improvements made by the lessee.

(Aug. 16, 1954, ch. 736, 68A Stat. 33 .)

Cross References

Basic rule for property on which lessee has made improvements, see section 1019 of this title.

Section Referred to in Other Sections

This section is referred to in section 1019 of this title.