production period
Defined in 1 place of the United States Code.
The term “production period” means, when used with respect to any property, the period—
(i) beginning on the date on which production of the property begins, and
(ii) ending on the date on which the property is ready to be placed in service or is ready to be held for sale.
Source
- 1994–201726 U.S.C. § 263AInternal Revenue Code · Capitalization and inclusion in inventory costs of certain expenses · in this section
The term "production period" means, when used with respect to any property, the period—
(i) beginning on the date on which production of the property begins, and
(ii) except as provided in paragraph (4), ending on the date on which the property is ready to be placed in service or is ready to be held for sale.
Source
- 2017–present26 U.S.C. § 263AInternal Revenue Code · Capitalization and inclusion in inventory costs of certain expenses · in this section