Internal Revenue Code (Title 26 U.S.C.)
26 U.S.C. § 173
Circulation expenditures
# (a)
General rule Notwithstanding section 263, all expenditures (other than expenditures for the purchase of land or depreciable property or for the acquisition of circulation through the purchase of any part of the business of another publisher of a newspaper, magazine, or other periodical) to establish, maintain, or increase the circulation of a newspaper, magazine, or other periodical shall be allowed as a deduction; except that the de duction shall not be allowed with respect to the portion of such expenditures as, under regulations prescribed by the Secretary, is chargeable to capital account if the taxpayer elects, in accordance with such regulations, to treat such portion as so chargeable. Such election, if made, must be for the total amount of such portion of the expenditures which is so chargeable to capital account, and shall be binding for all subsequent taxable years unless, upon application by the taxpayer, the Secretary permits a revocation of such election subject to such conditions as he deems necessary.
# (b)
Cross reference For election of 3-year amortization of expenditures allowable as a deduction under subsection (a), see section 59(e).
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Nearby sections (25 sections)
- 161 · Allowance of deductions
- 162 · Trade or business expenses
- 163 · Interest
- 164 · Taxes
- 165 · Losses
- 166 · Bad debts
- 167 · Depreciation
- 168 · Accelerated cost recovery system
- 169 · Amortization of pollution control facilities
- 170 · Charitable, etc., contributions and gifts
- 171 · Amortizable bond premium
- 172 · Net operating loss deduction
- 173 · Circulation expenditures
- 174 · Amortization of research and experimental expenditures
- 175 · Soil and water conservation expenditures; endangered species…
- 176 · Payments with respect to employees of certain foreign corporations
- 177 · [§177. Repealed. Pub. L. 99–514, title II, §241(a), Oct. 22,…
- 178 · Amortization of cost of acquiring a lease
- 179 · Election to expense certain depreciable business assets
- 179A · [§179A. Repealed. Pub. L. 113–295, div. A, title II,…
- 179B · Deduction for capital costs incurred in complying with…
- 179C · Election to expense certain refineries
- 179D · Energy efficient commercial buildings deduction
- 179E · Election to expense advanced mine safety equipment
- 180 · Expenditures by farmers for fertilizer, etc.