[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: 26CFR1.263(a)-3]

[Page 423-424]
 
                       TITLE 26--INTERNAL REVENUE
 
    CHAPTER I--INTERNAL REVENUE SERVICE, DEPARTMENT OF THE TREASURY 
                               (CONTINUED)
 
PART 1_INCOME TAXES--Table of Contents
 
Sec. 1.263(a)-3  Election to deduct or capitalize certain expenditures.

    (a) Under certain provisions of the Code, taxpayers may elect to 
treat capital expenditures as deductible expenses or as deferred 
expenses, or to treat deductible expenses as capital expenditures.
    (b) The sections referred to in paragraph (a) of this section 
include:

[[Page 424]]

    (1) Section 173 (circulation expenditures).
    (2) Section 174 (research and experimental expenditures).
    (3) Section 175 (soil and water conservation expenditures).
    (4) Section 177 (trademark and trade name expenditures).
    (5) Section 179 (election to expense certain depreciable business 
assets).
    (6) Section 180 (expenditures by farmers for fertilizer, lime, 
etc.).
    (7) Section 182 (expenditures by farmers for clearing land).
    (8) Section 248 (organizational expenditures of a corporation).
    (9) Section 266 (carrying charges).
    (10) Section 615 (exploration expenditures).
    (11) Section 616 (development expenditures).

[T.D. 6500, 25 FR 11402, Nov. 26, 1960, as amended by T.D. 6794, 30 FR 
792, Jan. 26, 1965; T.D. 8121, 52 FR 414, Jan. 6, 1987]