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26 U.S. Code § 177 - Repealed. Pub. L. 99–514, title II, § 241(a), Oct. 22, 1986, 100 Stat. 2181]
Section, added June 29, 1956, ch. 464, § 4(a), 70 Stat. 406; amended Oct. 4, 1976, Pub. L. 94–455, title XIX, § 1906(b)(13)(A), 90 Stat. 1834, related to deductions for trademark and trade name expenditures.
Statutory Notes and Related Subsidiaries
Effective Date of Repeal
Pub. L. 99–514, title II, § 241(c), Oct. 22, 1986, 100 Stat. 2181, provided that:
“(1) In general.—
“(2) Transitional rule.—The amendments made by this section shall not apply to any expenditure incurred—
“(A)
pursuant to a binding contract entered into before March 2, 1986, or
“(B)
with respect to the development, protection, expansion, registration, or defense of a trademark or trade name commenced before March 2, 1986, but only if not less than the lesser of $1,000,000 or 5 percent of the aggregate cost of such development, protection, expansion, registration, or defense has been incurred or committed before such date.
The preceding sentence shall not apply to any expenditure with respect to a trademark or trade name placed in service after December 31, 1987.”