preproductive period
Defined in 1 place of the United States Code.
For purposes of this section, the term “preproductive period” means—
(i) in the case of a plant which will have more than 1 crop or yield, the period before the 1st marketable crop or yield from such plant, or
(ii) in the case of any other plant, the period before such plant is reasonably expected to be disposed of.
Source
- 2013–present26 U.S.C. § 263AInternal Revenue Code · Capitalization and inclusion in inventory costs of certain expenses · for purposes of this section
For purposes of this section, the term "preproductive period" means—
(i) in the case of a plant which will have more than 1 crop or yield, the period before the 1st marketable crop or yield from such plant, or
(ii) in the case of any other plant, the period before such plant is reasonably expected to be disposed of.
For purposes of this subparagraph, use by the taxpayer in a farming business of any supply produced in such business shall be treated as a disposition.
Source
- 1994–202226 U.S.C. § 263AInternal Revenue Code · Capitalization and inclusion in inventory costs of certain expenses · for purposes of this section