water utility property
Defined in 1 place of the United States Code.
The term “water utility property” means property—
(A) which is an integral part of the gathering, treatment, or commercial distribution of water, and which, without regard to this paragraph, would be 20-year property, and
(B) any municipal sewer.
Source
- 2005–present26 U.S.C. § 168Internal Revenue Code · Accelerated cost recovery system · for purposes of this section
The term “water utility property” means property—
(A) which is an integral part of the gathering, treatment, or commercial distribution of water, and which, without regard to this paragraph, would be 20-year property, and
(B) any municipal sewer.
This section shall not apply to—
Source
- 1996–200526 U.S.C. § 168Internal Revenue Code · Accelerated cost recovery system · for purposes of this section