26 CFR 1.616-3
§ 1.616-3 Time for making election with respect to returns due on or before May 2, 1960.
United States · 26 CFR — Internal Revenue · Status: effective
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- Citation
- 26 CFR 1.616-3, § 1.616-3 Time for making election with respect to returns due on or before May 2, 1960, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/110540
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Full text
In the case of any taxable year beginning after December 31, 1953, and ending after August 16, 1954, the income tax return for which is due not later than May 2, 1960, the time to deduct or defer development expenditures for such a year under section 616 (a) or (b) shall expire on May 2, 1960.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.