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Sec. 180. Expenditures By Farmers For Fertilizer, Etc.

I.R.C. § 180(a) In General
A taxpayer engaged in the business of farming may elect to treat as expenses which are not chargeable to capital account expenditures (otherwise chargeable to capital account) which are paid or incurred by him during the taxable year for the purchase or acquisition of fertilizer, lime, ground limestone, marl, or other materials to enrich, neutralize, or condition land used in farming, or for the application of such materials to such land. The expenditures so treated shall be allowed as a deduction.
I.R.C. § 180(b) Land Used In Farming
For purposes of subsection (a), the term “land used in farming” means land used (before or simultaneously with the expenditures described in subsection (a)) by the taxpayer or his tenant for the production of crops, fruits, or other agricultural products or for the sustenance of livestock.
I.R.C. § 180(c) Election
The election under subsection (a) for any taxable year shall be made within the time prescribed by law (including extensions thereof) for filing the return for such taxable year. Such election shall be made in such manner as the Secretary may by regulations prescribe. Such election may not be revoked except with the consent of the Secretary.
(Added Pub. L. 86-779, 6(a), Sept. 14, 1960, 74 Stat. 1001, and amended Pub. L. 94-455, title XIX, 1906(b)(13)(A), Oct. 4, 1976, 90 Stat. 1834.)
BACKGROUND NOTES
AMENDMENTS
1976--Subsec. (c). Pub. L. 94-455 struck out “or his delegate" after “Secretary”.
EFFECTIVE DATE
Section 6(d) of Pub. L. 86-779 provided that: “The amendments made by subsections (a), (b), and (c) [enacting this section and amending section 263 of this title] shall apply to taxable years beginning after December 31, 1959.”
[181. Repealed. Pub. L. 88-272, title II, 203(a)(3) (B), Feb. 26, 1964, 78 Stat. 34]
Section, Pub. L. 87-834, 2(c), Oct. 16, 1962, 76 Stat. 970, related to a deduction for unused investment credit.
Effective Date of Repeal
Repeal applicable in case of property placed in service after Dec. 31, 1963, with respect to taxable years ending after such date, and in case of property placed in service before Jan. 1, 1964, with respect to taxable years beginning after Dec. 31, 1963, see section 203(a)(4) of Pub. L. 88-272, set out as an Effective Date of 1964 Amendment note under section 48 of this title.
[182. Repealed. Pub. L. 99-514, title IV, 402(a), Oct. 22, 1986, 100 Stat. 2221]
Section, added Pub. L. 87-834, 21(a), Oct. 16, 1962, 76 Stat. 1063, and amended Pub. L. 94-455, title XIX, 1906(b)(13)(A), Oct. 4, 1976, 90 Stat. 1834, authorized deduction of expenditures by farmers for clearing land.
Effective Date of Repeal
Section 402(c) of Pub. L. 99-514 provided that: “The amendments made by this section [amending sections 263 and 1252 of this title and repealing this section] shall apply to amounts paid or incurred after December 31, 1985, in taxable years ending after such date.”