replacement period
Defined in 2 places of the United States Code.
The term “replacement period” means the period which begins 3 months before the date on which the sale of qualified securities occurs and which ends 12 months after the date of such sale.
Source
- 1994–present26 U.S.C. § 1042Internal Revenue Code · Sales of stock to employee stock ownership plans or certain cooperatives · for purposes of this section
The term “replacement period” means the shorter of—
(A) the period of the 3 taxable years following the liquidation year, or
(B) the period specified by the Secretary in a notice published in the Federal Register with respect to that qualified inventory interruption.
Source
- 201326 U.S.C. § 473Internal Revenue Code · Qualified liquidations of LIFO inventories · for purposes of this section
The term "replacement period" means the shorter of—
(A) the period of the 3 taxable years following the liquidation year, or
(B) the period specified by the Secretary in a notice published in the Federal Register with respect to that qualified inventory interruption.
Any period specified by the Secretary under subparagraph (B) may be modified by the Secretary in a subsequent notice published in the Federal Register.
Source
- 1994–present26 U.S.C. § 473Internal Revenue Code · Qualified liquidations of LIFO inventories · for purposes of this section