§615 — Repealed. Pub. L. 94–455, title XIX, § 1901(a)(88), Oct. 4, 1976, 90 Stat. 1779]
10 cases·2 criticized·8 cited
Statute Text — 26 U.S.C. §615
[§ 615. Repealed. Pub. L. 94–455, title XIX, § 1901(a)(88), Oct. 4, 1976, 90 Stat. 1779] Section, acts Aug. 16, 1954, ch. 736, 68A Stat. 211; July 6, 1960, Pub. L. 86–594, § 1, 74 Stat. 333; Sept. 12, 1966, Pub. L. 89–570, § 2(a), 80 Stat. 763; Dec. 30, 1969, Pub. L. 91–172, title V, § 504(a), 83 Stat. 632, related to pre-1970 exploration expenditures. Statutory Notes and Related Subsidiaries Effective Date of RepealRepeal effective with respect to taxable years beginning after Dec. 31, 1976, see section 1901(d) of Pub. L. 94–455, set out as an Effective Date of 1976 Amendment note under section 2 of this title.
Treasury Regulations
- Treas. Reg. §Treas. Reg. §1.615-1 Pre-1970 exploration expenditures
- Treas. Reg. §Treas. Reg. §1.615-1(a) General rule.
- Treas. Reg. §Treas. Reg. §1.615-1(b) Expenditures to which section 615 is not applicable.
- Treas. Reg. §Treas. Reg. §1.615-2 Deduction of pre-1970 exploration expenditures in the year paid or incurred
- Treas. Reg. §Treas. Reg. §1.615-2(a) In general.
- Treas. Reg. §Treas. Reg. §1.615-3 Election to defer pre-1970 exploration expenditures
- Treas. Reg. §Treas. Reg. §1.615-3(a) General rule.
- Treas. Reg. §Treas. Reg. §1.615-3(b) Effect and manner of making election.
- Treas. Reg. §Treas. Reg. §1.615-3(c) Expenditures made by the owner who retains a non-operating mineral interest.
- Treas. Reg. §Treas. Reg. §1.615-3(d) Losses from abandonment.
- Treas. Reg. §Treas. Reg. §1.615-3(e) Computation of amount of deduction.
- Treas. Reg. §Treas. Reg. §1.615-4 Limitation of amount deductible
- Treas. Reg. §Treas. Reg. §1.615-4(a) Section 334(b)(1), relating to the liquidation of a subsidiary where the basis of the property in the hands of the distributee is the same as it would be in the hands of the transferor.
- Treas. Reg. §Treas. Reg. §1.615-4(b) Section 362 (a) and (b), relating to property acquired by a corporation as paid-in surplus or as a contribution to capital, or in connection with a transaction to which section 351 applies.
- Treas. Reg. §Treas. Reg. §1.615-4(c) Section 372(a), relating to reorganization in certain receiverships and bankruptcy proceedings.
- Treas. Reg. §Treas. Reg. §1.615-4(d) Section 373(b)(1), relating to property of a railroad corporation acquired in certain bankruptcy or recivership proceedings.
- Treas. Reg. §Treas. Reg. §1.615-4(e) Section 1051, relating to property acquired by a corporation that is a member of an affiliated group.
- Treas. Reg. §Treas. Reg. §1.615-4(f) Examples.
- Treas. Reg. §Treas. Reg. §1.615-4(i) The taxpayer acquired any mineral property in a transaction described in section 23(ff)(3) of the Internal Revenue Code of 1939, excluding the reference therein to section 113(a)(13).
- Treas. Reg. §Treas. Reg. §1.615-5 Time for making election with respect to returns due on or before May 2, 1960
- Treas. Reg. §Treas. Reg. §1.615-6 Election to deduct under section 615
- Treas. Reg. §Treas. Reg. §1.615-6(a) General rule.
- Treas. Reg. §Treas. Reg. §1.615-6(b) Exception.
- Treas. Reg. §Treas. Reg. §1.615-6(c) Information to be furnished.
- Treas. Reg. §Treas. Reg. §1.615-6(d) Effect of election—(1) In general.
10 Citing Cases
- 17 - We disagree with petitioner; the statutory language, differences between the House and Senate versions of the 1986 TRA, and differences in the House and Senate committee reports for the 1986 TRA compel a different reading.
The House bill (section 615(a) of H.R.
1)(A), 1017(b)(3)(B), 1221(a)(2), 1231(b)(1), 1239(a) and (e), 1245(a)(3), 1250(c), 7871(c)(3)(B)®. Such sections of the 1954 Code were sec. 169(d) (flush language) (repealed 1969), sec. 172(d)(4)(A)(i), sec. 174(b)(1)(C) and (c), sec. 175(c)(1)(A), sec. 615(a) (repealed 1976), sec. 616(a), sec. 1071(a) (repealed 1995), sec. 1082(a)(2)(A) (repealed 2005), sec. 1221(2), sec. 1231(b)(1), sec. 1239(b).