 | 1997 - 352 lapas
...gasoline. (1) No credit or payment may be claimed in respect of gasoline used in a highway vehicle used in a trade or business or for the production of income solely by reason of the fact that the propulsion motor in the vehicle is also used for a purpose other... | |
 | 1996 - 374 lapas
...used (in a trade or business or for the production of income) for cleaning purposes; (iii) gasoline used (in a trade or business or for the production of income) in forklift trucks, bulldozers, and earthmovers; and (iv) gasoline used by a nonhighway vehicle in... | |
 | 1991 - 384 lapas
...income) in stationary engines to operate pumps, generators, compressors, and power saws; (ii) gasoline used (in a trade or business or for the production of income) for cleaning purposes; (iii) gasoline used (in a trade or business or for the production of income)... | |
 | United States. Internal Revenue Service - 1964 - 744 lapas
...the same standard mileage rate as is permitted by Revenue Procedure 64-10, supra, for an automobile used in a trade or business or for the production of income. It has, therefore, been determined that five cents a mile is a reasonable rate which may be used to... | |
 | United States. Congress. Economic Joint Committee - 1964 - 358 lapas
...tangible personal property, whether new or used, acquired by the taxpayer after December 31, 1957, for use in a trade or business or for the production of income. The property must have a useful life of at least 6 years. The 20 percent allowance may be claimed with... | |
 | United States. Internal Revenue Service - 1964 - 1496 lapas
...adjusted where only a portion of the property occupied under a proprietary lease or right of tenancy is erest, dividends, or other earnings (whether or not credited (2) Stock acquired subsequent to first offering. Except as provided in subparagraph (3) of this... | |
 | United States. Congress. Joint Economic Committee - 1964 - 340 lapas
...tangible personal property, whether new or used, acquired by the taxpayer after December 31, 1957, for use in a trade or business or for the production of income. The property must have a useful life of at least 6 years. The 20 percent allowance may be claimed with... | |
 | United States. Internal Revenue Service - 1978 - 668 lapas
...investment tax credit includes tangible personal property (such as machinery and equipment) which is used in a trade or business or for the production of income. The investment credit is also allowed for other tangible property which is used as an integral part of... | |
 | United States. Internal Revenue Service - 1978 - 372 lapas
...amortization Present law also allows taxpayers to claim tax deductions for the decline in value of assets used in a trade or business or for the production of income. These depreciation or amortization deductions are to reflect the reduction in the taxpayer's cost basis... | |
 | United States. Internal Revenue Service - 1976 - 612 lapas
...depreciate their stock if they use the proprietary lease or right of tenancy to which the stock is allocable in a trade or business or for the production of income. The Act also modifies the prior law rule that a tenant-stockholder in a cooperative housing corporation... | |
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A taxpayer is allowed to recover, through annual depreciation deductions, the cost of certain property used in a trade or business or for the production of income. 
