26 USC Subtitle A, CHAPTER 1, Subchapter U, PART III, Subpart B: Additional Expensing
From Title 26—INTERNAL REVENUE CODESubtitle A—Income TaxesCHAPTER 1—NORMAL TAXES AND SURTAXESSubchapter U—Designation and Treatment of Empowerment Zones, Enterprise Communities, and Rural Development Investment AreasPART III—ADDITIONAL INCENTIVES FOR EMPOWERMENT ZONES
Subpart B—Additional Expensing
Sec.
1397A.
Increase in expensing under section 179.
§1397A. Increase in expensing under section 179
(a) General rule
In the case of an enterprise zone business, for purposes of section 179—
(1) the limitation under section 179(b)(1) shall be increased by the lesser of—
(A) $20,000, or
(B) the cost of section 179 property which is qualified zone property placed in service during the taxable year, and
(2) the amount taken into account under section 179(b)(2) with respect to any section 179 property which is qualified zone property shall be 50 percent of the cost thereof.
(b) Recapture
Rules similar to the rules under section 179(d)(10) shall apply with respect to any qualified zone property which ceases to be used in an empowerment zone by an enterprise zone business.
(Added