allowable amount
Defined in 1 place of the United States Code.
Except as otherwise provided in this subparagraph, the term “allowable amount” means an amount equal to 20 percent of the lessor's adjusted basis in the property at the time the lease is entered into.
Source
- 2005–present26 U.S.C. § 470Internal Revenue Code · Limitation on deductions allocable to property used by governments or other tax-exempt entities · for purposes of this section