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
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.)
1976--Subsec. (c). Pub. L. 94-455 struck out “or his delegate"
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 Repealed.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
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 Repealed.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.
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.”