[Code of Federal Regulations]
[Title 26, Volume 1]
[Revised as of April 1, 2004]
From the U.S. Government Printing Office via GPO Access
[CITE: 26CFR1.179-6]

[Page 231]
 
                       TITLE 26--INTERNAL REVENUE
 
    CHAPTER I--INTERNAL REVENUE SERVICE, DEPARTMENT OF THE TREASURY 
                               (CONTINUED)
 
PART 1_INCOME TAXES--Table of Contents
 
Sec. 1.179-6  Effective date.

    The provisions of Sec. Sec. 1.179-1 through 1.179-5 are effective 
for property placed in service in taxable years ending after January 25, 
1993. However, a taxpayer may apply the provisions of Sec. Sec. 1.179-1 
through 1.179-5 to property placed in service after December 31, 1986, 
in taxable years ending on or before January 25, 1993. Otherwise, for 
property placed in service after December 31, 1986, in taxable years 
ending on or before January 25, 1993, the final regulations under 
section 179 as in effect for the year the property was placed in service 
apply, except to the extent modified by the changes made to section 179 
by the Tax Reform Act of 1986, the Technical and Miscellaneous Revenue 
Act of 1988, and the Revenue Reconciliation Act of 1990. For that 
property, a taxpayer may apply any reasonable method that clearly 
reflects income in applying the changes to section 179, provided the 
taxpayer consistently applies the method to the property.

[T.D. 8455, 57 FR 61323, Dec. 24, 1992]