[Code of Federal Regulations]
[Title 26, Volume 11]
[Revised as of April 1, 2004]
From the U.S. Government Printing Office via GPO Access
[CITE: 26CFR1.1016-3T]

[Page 69]
 
                       TITLE 26--INTERNAL REVENUE
 
    CHAPTER I--INTERNAL REVENUE SERVICE, DEPARTMENT OF THE TREASURY 
                               (CONTINUED)
 
PART 1_INCOME TAXES--Table of Contents
 
Sec. 1.1016-3T  Exhaustion, wear and tear, obsolescence, amortization, 
and depletion for periods since February 28, 1913 (temporary).

    (a) through (g) [Reserved]. For further guidance, see Sec. 1.1016-
3(a) through (g).
    (h) Application to a change in method of accounting. For purposes of 
determining whether a change in depreciation or amortization for 
property subject to section 167, 168, 197, 1400I, 1400L(b), or 1400L(c), 
or to section 168 prior to its amendment by the Tax Reform Act of 1986 
(100 Stat. 2121) (former section 168) is a change in method of 
accounting under section 446(e) and the regulations under section 
446(e), section 1016(a)(2) does not permanently affect a taxpayer's 
lifetime income.
    (i) [Reserved]. For further guidance, see Sec. 1.1016-3(i).
    (j) Effective date--(1) In general. Except as provided in paragraph 
(j)(2) of this section, this section applies on or after December 30, 
2003. For the applicability of regulations before December 30, 2003, see 
Sec. 1.1016-3 in effect prior to December 30, 2003 (Sec. 1.1016-3 as 
contained in 26 CFR part 1 edition revised as of April 1, 2003).
    (2) Depreciation or amortization changes. Paragraph (h) of this 
section applies to a change in depreciation or amortization for property 
subject to section 167, 168, 197, 1400I, 1400L(b), or 1400L(c), or 
former section 168 for taxable years ending on or after December 30, 
2003.
    (3) The applicability of this section expires on or before December 
29, 2006.

[T.D. 9105, 69 FR 12, Jan. 2, 2004; 69 FR 5273, Feb. 4, 2004]