Code Section 1254 Property definition

Code Section 1254 Property means property that: (i) is placed in service after December 12, 1986; (ii) is property (within the meaning of Code Section 614); and (iii) IDC is properly chargeable to the property, or the basis of the property was adjusted by depletion.10
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Related to Code Section 1254 Property

  • Code Section 409A means Section 409A of the Code and the regulations and guidance promulgated thereunder.

  • the Code means the Pension Regulator’s Code of Practice No 14 governance and administration of public service pension schemes.

  • Code means the Internal Revenue Code of 1986, as amended.

  • Qualifying Property means a primary residence that a qualified applicant owned and occupied

  • IRC means the Internal Revenue Code of 1986, as amended.