section 467 rental agreements
Defined in 1 place of the United States Code.
Except as otherwise provided in this subsection, the term “section 467 rental agreements” means any rental agreement for the use of tangible property under which—
(A) there is at least one amount allocable to the use of property during a calendar year which is to be paid after the close of the calendar year following the calendar year in which such use occurs, or
(B) there are increases in the amount to be paid as rent under the agreement.
Source
- 1994–present26 U.S.C. § 467Internal Revenue Code · Certain payments for the use of property or services · for purposes of this title