[189. Repealed. Pub. L. 99-514, title VIII, 803(b)(1),
Oct. 22, 1986, 100 Stat. 2355]
(Sec. 189. Repealed. Pub. L. 99-514, title VIII, Sec. 803(b)(1), Oct. 22, 1986, 100 Stat. 2355)
Section, added Pub. L. 94-455, title II, Sec. 201(a),
Oct. 4, 1976, 90 Stat. 1525, and amended Pub. L. 95-600, title VII, Sec. 701(m)(1), Nov. 6, 1978, 92 Stat. 2907; Pub. L. 97-34, title II, Sec. 262(a), (b), Aug. 13, 1981, 95 Stat. 264; Pub. L. 97-248, title II, Sec. 207(a)-(d), Sept. 3, 1982, 96 Stat. 431, 432; Pub. L. 97-354, Sec. 5(a)(24), Oct. 19, 1982, 96 Stat. 1694; Pub. L. 98-369, div. A, title I, Sec. 93(a), title VII, Sec. 712(c), July 18, 1984, 98 Stat. 614,
947, related to amortization of real property construction period interest and
taxes.
BACKGROUND NOTES
EFFECTIVE DATE OF REPEAL
If any interest costs incurred after Dec. 31, 1986, are attributable to costs incurred
before Jan. 1, 1987, the repeal of this section is applicable to such interest costs
only to the extent such interest costs are attributable to costs which were required
to be capitalized under section 263 of the Internal Revenue Code of 1954 and which would have been taken into account in applying this section (as
in effect before its repeal) or, if applicable, section 266 of such Code, see section
7831(d)(2) of Pub. L. 101-239, set out as an Effective Date note under section 263A of this title.
Repeal applicable to costs incurred after Dec. 31, 1986, in taxable years ending after
such date, except as otherwise provided, see section 803(d) of Pub. L. 99-514, set out as an Effective Date note under section 263A of this title.
