section 179 property
Defined in 1 place of the United States Code.
For purposes of this section, the term “section 179 property” means any tangible property (to which section 168 applies) which is section 1245 property (as defined in section 1245(a)(3)) and which is acquired by purchase for use in the active conduct of a trade or business. Such term shall not include any property described in section 50(b) and shall not include air conditioning or heating units.
Source
- 1996–200326 U.S.C. § 179Internal Revenue Code · Election to expense certain depreciable business assets · for purposes of this section
For purposes of this section, the term “section 179 property” means any tangible property (to which section 168 applies) which is section 1245 property (as defined in section 1245(a)(3)) and which is acquired by purchase for use in the active conduct of in 1 a trade or business.
Source
- 1994–199626 U.S.C. § 179Internal Revenue Code · Election to expense certain depreciable business assets · for purposes of this section
For purposes of this section, the term “section 179 property” means property—
(A) which is—
(i) tangible property (to which section 168 applies), or
(ii) computer software (as defined in section 197(e)(3)(B)) which is described in section 197(e)(3)(A)(i) and to which section 167 applies,
(B) which is—
(i) section 1245 property (as defined in section 1245(a)(3)), or
(ii) at the election of the taxpayer, qualified real property (as defined in subsection (e)), and
(C) which is acquired by purchase for use in the active conduct of a trade or business.
Source
- 2018–present26 U.S.C. § 179Internal Revenue Code · Election to expense certain depreciable business assets · for purposes of this section
For purposes of this section, the term "section 179 property" means property—
(A) which is—
(i) tangible property (to which section 168 applies), or
(ii) computer software (as defined in section 197(e)(3)(B)) which is described in section 197(e)(3)(A)(i) and to which section 167 applies,
(B) which is—
(i) section 1245 property (as defined in section 1245(a)(3)), or
(ii) at the election of the taxpayer, qualified real property (as defined in subsection (e)), and
(C) which is acquired by purchase for use in the active conduct of a trade or business.
Such term shall not include any property described in section 50(b) (other than paragraph (2) thereof).
Source
- 2018–202526 U.S.C. § 179Internal Revenue Code · Election to expense certain depreciable business assets · for purposes of this section
For purposes of this section, the term “section 179 property” means property—
(A) which is—
(i) tangible property (to which section 168 applies), or
(ii) computer software (as defined in section 197(e)(3)(B)) which is described in section 197(e)(3)(A)(i) and to which section 167 applies,
(B) which is—
(i) section 1245 property (as defined in section 1245(a)(3)), or
(ii) at the election of the taxpayer, qualified real property (as defined in subsection (f)), and
(C) which is acquired by purchase for use in the active conduct of a trade or business.
Source
- 201826 U.S.C. § 179Internal Revenue Code · Election to expense certain depreciable business assets · for purposes of this section
For purposes of this section, the term "section 179 property" means property—
(A) which is—
(i) tangible property (to which section 168 applies), or
(ii) computer software (as defined in section 197(e)(3)(B)) which is described in section 197(e)(3)(A)(i) and to which section 167 applies,
(B) which is—
(i) section 1245 property (as defined in section 1245(a)(3)), or
(ii) at the election of the taxpayer, qualified real property (as defined in subsection (f)), and
(C) which is acquired by purchase for use in the active conduct of a trade or business.
Such term shall not include any property described in section 50(b) (other than paragraph (2) thereof).
Source
- 2017–201826 U.S.C. § 179Internal Revenue Code · Election to expense certain depreciable business assets · for purposes of this section
For purposes of this section, the term “section 179 property” means property—
(A) which is—
(i) tangible property (to which section 168 applies), or
(ii) computer software (as defined in section 197(e)(3)(B)) which is described in section 197(e)(3)(A)(i) and to which section 167 applies,
(B) which is section 1245 property (as defined in section 1245(a)(3)), and
(C) which is acquired by purchase for use in the active conduct of a trade or business.
Source
- 2015–201726 U.S.C. § 179Internal Revenue Code · Election to expense certain depreciable business assets · for purposes of this section
For purposes of this section, the term "section 179 property" means property—
(A) which is—
(i) tangible property (to which section 168 applies), or
(ii) computer software (as defined in section 197(e)(3)(B)) which is described in section 197(e)(3)(A)(i) and to which section 167 applies,
(B) which is section 1245 property (as defined in section 1245(a)(3)), and
(C) which is acquired by purchase for use in the active conduct of a trade or business.
Such term shall not include any property described in section 50(b).
Source
- 2015–201626 U.S.C. § 179Internal Revenue Code · Election to expense certain depreciable business assets · for purposes of this section
For purposes of this section, the term “section 179 property” means property—
(A) which is—
(i) tangible property (to which section 168 applies), or
(ii) computer software (as defined in section 197(e)(3)(B)) which is described in section 197(e)(3)(A)(i), to which section 167 applies, and which is placed in service in a taxable year beginning after 2002 and before 2006,
(B) which is section 1245 property (as defined in section 1245(a)(3)), and
(C) which is acquired by purchase for use in the active conduct of a trade or business.
Such term shall not include any property described in section 50(b) and shall not include air conditioning or heating units.
Source
- 2003–200526 U.S.C. § 179Internal Revenue Code · Election to expense certain depreciable business assets · for purposes of this section
For purposes of this section, the term “section 179 property” means property—
(A) which is—
(i) tangible property (to which section 168 applies), or
(ii) computer software (as defined in section 197(e)(3)(B)) which is described in section 197(e)(3)(A)(i), to which section 167 applies, and which is placed in service in a taxable year beginning after 2002 and before 2008,
(B) which is section 1245 property (as defined in section 1245(a)(3)), and
(C) which is acquired by purchase for use in the active conduct of a trade or business.
Such term shall not include any property described in section 50(b) and shall not include air conditioning or heating units.
Source
- 2005–200626 U.S.C. § 179Internal Revenue Code · Election to expense certain depreciable business assets · for purposes of this section
For purposes of this section, the term “section 179 property” means property—
(A) which is—
(i) tangible property (to which section 168 applies), or
(ii) computer software (as defined in section 197(e)(3)(B)) which is described in section 197(e)(3)(A)(i), to which section 167 applies, and which is placed in service in a taxable year beginning after 2002 and before 2010,
(B) which is section 1245 property (as defined in section 1245(a)(3)), and
(C) which is acquired by purchase for use in the active conduct of a trade or business.
Such term shall not include any property described in section 50(b) and shall not include air conditioning or heating units.
Source
- 2006–200726 U.S.C. § 179Internal Revenue Code · Election to expense certain depreciable business assets · for purposes of this section
For purposes of this section, the term “section 179 property” means property—
(A) which is—
(i) tangible property (to which section 168 applies), or
(ii) computer software (as defined in section 197(e)(3)(B)) which is described in section 197(e)(3)(A)(i), to which section 167 applies, and which is placed in service in a taxable year beginning after 2002 and before 2011,
(B) which is section 1245 property (as defined in section 1245(a)(3)), and
(C) which is acquired by purchase for use in the active conduct of a trade or business.
Such term shall not include any property described in section 50(b) and shall not include air conditioning or heating units.
Source
- 2007–201026 U.S.C. § 179Internal Revenue Code · Election to expense certain depreciable business assets · for purposes of this section
For purposes of this section, the term “section 179 property” means property—
(A) which is—
(i) tangible property (to which section 168 applies), or
(ii) computer software (as defined in section 197(e)(3)(B)) which is described in section 197(e)(3)(A)(i), to which section 167 applies, and which is placed in service in a taxable year beginning after 2002 and before 2012,
(B) which is section 1245 property (as defined in section 1245(a)(3)), and
(C) which is acquired by purchase for use in the active conduct of a trade or business.
Such term shall not include any property described in section 50(b) and shall not include air conditioning or heating units.
Source
- 2010–201126 U.S.C. § 179Internal Revenue Code · Election to expense certain depreciable business assets · for purposes of this section
For purposes of this section, the term “section 179 property” means property—
(A) which is—
(i) tangible property (to which section 168 applies), or
(ii) computer software (as defined in section 197(e)(3)(B)) which is described in section 197(e)(3)(A)(i), to which section 167 applies, and which is placed in service in a taxable year beginning after 2002 and before 2013,
(B) which is section 1245 property (as defined in section 1245(a)(3)), and
(C) which is acquired by purchase for use in the active conduct of a trade or business.
Such term shall not include any property described in section 50(b) and shall not include air conditioning or heating units.
Source
- 2011–201226 U.S.C. § 179Internal Revenue Code · Election to expense certain depreciable business assets · for purposes of this section
For purposes of this section, the term “section 179 property” means property—
(A) which is—
(i) tangible property (to which section 168 applies), or
(ii) computer software (as defined in section 197(e)(3)(B)) which is described in section 197(e)(3)(A)(i), to which section 167 applies, and which is placed in service in a taxable year beginning after 2002 and before 2014,
(B) which is section 1245 property (as defined in section 1245(a)(3)), and
(C) which is acquired by purchase for use in the active conduct of a trade or business.
Source
- 201326 U.S.C. § 179Internal Revenue Code · Election to expense certain depreciable business assets · for purposes of this section
For purposes of this section, the term "section 179 property" means property—
(A) which is—
(i) tangible property (to which section 168 applies), or
(ii) computer software (as defined in section 197(e)(3)(B)) which is described in section 197(e)(3)(A)(i), to which section 167 applies, and which is placed in service in a taxable year beginning after 2002 and before 2014,
(B) which is section 1245 property (as defined in section 1245(a)(3)), and
(C) which is acquired by purchase for use in the active conduct of a trade or business.
Such term shall not include any property described in section 50(b) and shall not include air conditioning or heating units.
Source
- 2012–201426 U.S.C. § 179Internal Revenue Code · Election to expense certain depreciable business assets · for purposes of this section
For purposes of this section, the term “section 179 property” means property—
(A) which is—
(i) tangible property (to which section 168 applies), or
(ii) computer software (as defined in section 197(e)(3)(B)) which is described in section 197(e)(3)(A)(i), to which section 167 applies, and which is placed in service in a taxable year beginning after 2002 and before 2015,
(B) which is section 1245 property (as defined in section 1245(a)(3)), and
(C) which is acquired by purchase for use in the active conduct of a trade or business.
Source
- 2014–201526 U.S.C. § 179Internal Revenue Code · Election to expense certain depreciable business assets · for purposes of this section
For purposes of this section, the term "section 179 property" means property—
(A) which is—
(i) tangible property (to which section 168 applies), or
(ii) computer software (as defined in section 197(e)(3)(B)) which is described in section 197(e)(3)(A)(i), to which section 167 applies, and which is placed in service in a taxable year beginning after 2002 and before 2015,
(B) which is section 1245 property (as defined in section 1245(a)(3)), and
(C) which is acquired by purchase for use in the active conduct of a trade or business.
Such term shall not include any property described in section 50(b) and shall not include air conditioning or heating units.
Source
- 2014–201526 U.S.C. § 179Internal Revenue Code · Election to expense certain depreciable business assets · for purposes of this section