qualified property
Defined in 5 dictionaries — U.S. Code, Cyclopedic (1922), Ballentine's (1916), Bouvier (1914), Black's (1910)
United States Code
26 U.S.C. § 1017 — for purposes of this section
For purposes of this paragraph, the term “qualified property” has the meaning given to such term by section 108(g)(3)(C).
26 U.S.C. § 108 — for purposes of this section
For purposes of this paragraph, the term “qualified property” means any property which is used or is held for use in a trade or business or for the production of income.
26 U.S.C. § 168 — for purposes of this section (15 versions over time)
The term “qualified property” means property—
(i)
(I) to which this section applies which has a recovery period of 20 years or less,
(II) which is computer software (as defined in section 167(f)(1)(B)) for which a deduction is allowable under section 167(a) without regard to this subsection,
(III) which is water utility property, or 2
(IV) which is a qualified film or television production (as defined in subsection (d) of section 181) for which a deduction would have been allowable under section 181 without regard to subsections (a)(2) and (h) of such section or this subsection,
(V) which is a qualified live theatrical production (as defined in subsection (e) of section 181) for which a deduction would have been allowable under section 181 without regard to subsections (a)(2) and (h) of such section or this subsection, and or 3
(VI) which is a qualified sound recording production (as defined in subsection (f) of section 181) for which a deduction would have been allowable under section 181 without regard to subsections (a)(2) and (h) of such section or this subsection, and
(ii) the original use of which begins with the taxpayer or the acquisition of which by the taxpayer meets the requirements of clause (i) of subparagraph (E).
26 U.S.C. § 168 — for purposes of this section (8 versions over time)
The term “qualified property” includes any property if such property—
(I) meets the requirements of clauses (i) and (ii) of subparagraph (A),
(II) has a recovery period of at least 10 years or is transportation property,
(III) is subject to section 263A, and
(IV) meets the requirements of clause (iii) of section 263A(f)(1)(B) (determined as if such clause also applies to property which has a long useful life (within the meaning of section 263A(f))).
26 U.S.C. § 168 — for purposes of this section (4 versions over time)
The term “qualified property” includes property—
(i) which meets the requirements of subparagraph (A)(ii),
(ii) which is an aircraft which is not a transportation property (as defined in subparagraph (B)(ii)) other than for agricultural or firefighting purposes,
(iii) which is purchased and on which such purchaser, at the time of the contract for purchase, has made a nonrefundable deposit of the lesser of—
(I) 10 percent of the cost, or
(II) $100,000, and
(iv) which has—
(I) an estimated production period exceeding 4 months, and
(II) a cost exceeding $200,000.
26 U.S.C. § 355 — for purposes of this section
For purposes of subparagraph (A), the term “qualified property” means any stock or securities in the controlled corporation.
26 U.S.C. § 361 — in this section
For purposes of this subsection, the term “qualified property” means—
(i) any stock in (or right to acquire stock in) the distributing corporation or obligation of the distributing corporation, or
(ii) any stock in (or right to acquire stock in) another corporation which is a party to the reorganization or obligation of another corporation which is such a party if such stock (or right) or obligation is received by the distributing corporation in the exchange.
26 U.S.C. § 460 — in this section (14 versions over time)
For purposes of this paragraph, the term “qualified property” means property described in section 168(k)(2) which has a recovery period of 7 years or less.
The Cyclopedic Law Dictionary
Walter A. Shumaker and George Foster Longsdorf; ed. James C. Cahill · 1922
Property not In its nature permanent, but which may sometimes subsist and at other times not subsist. A defeasible and precarious ownership, which lasts as long as the thing is in actual use and occupation; e. g., first, property in animals ferae naturae, or in light, or air, where the qualified property arises from the nature of the thing; second, property in a thing held by any one as a bailee, where the qualified property arises not from the nature of the thing, but from the peculiar circumstances under which it is held. 2 Bl. Comm. 391, 395*; 2 Kent, Comm. 347; 2 Wooddeson, Lect. 385. Any ownership not absolute.
Ballentine's Law Dictionary
James A. Ballentine · 1916
Bouvier's Law Dictionary and Concise Encyclopedia
John Bouvier; revised by Francis Rawle · 1914
Property not in its nature permanent, but which may sometimes subsist and at other times not subsist. A defeasible and precarious ownership, which lasts as long as the thing is in actual use and occupation. 2 Bla. Com. 391, 395*; 2 Kent 347. Any ownership not absolute.
Black's Law Dictionary
Henry Campbell Black, M.A. · 1910
Property in chattels which is not in its nature permanent, but may at some times subsist and not at other times; such for example, as the property a man may bave in wild animals which he has caught and keeps, and which are his only so long as he retains possession of them. 2 BL Comm. 389.
Defined under Property in Black's Law Dictionary.