[Code of Federal Regulations]
[Title 26, Volume 3]
[Revised as of April 1, 2008]
From the U.S. Government Printing Office via GPO Access
[CITE: 26CFR1.179-6]

[Page 233-234]
 
                       TITLE 26--INTERNAL REVENUE
 
    CHAPTER I--INTERNAL REVENUE SERVICE, DEPARTMENT OF THE TREASURY 
                               (CONTINUED)
 
PART 1_INCOME TAXES--Table of Contents
 
Sec. 1.179-6  Effective dates.

    (a) In general. Except as provided in paragraphs (b) and (c) of this 
section, the provisions of Sec. Sec. 1.179-1 through 1.179-5 apply for 
property placed in service by the taxpayer in taxable years ending after 
January 25, 1993. However, a taxpayer may apply the provisions of 
Sec. Sec. 1.179-1 through 1.179-5 to property placed in service by the 
taxpayer after December 31, 1986, in taxable years ending on or before 
January 25, 1993. Otherwise, for property placed in service by the 
taxpayer after December 31, 1986, in taxable years ending on or before 
January 25, 1993, the final regulations under section 179 as in effect 
for the year the property was placed in service apply, except to the 
extent modified by the changes made to section 179 by the Tax Reform Act 
of 1986 (100 Stat. 2085), the Technical and Miscellaneous Revenue Act of 
1988 (102

[[Page 234]]

Stat. 3342) and the Revenue Reconciliation Act of 1990 (104 Stat. 1388-
400). For that property, a taxpayer may apply any reasonable method that 
clearly reflects income in applying the changes to section 179, provided 
the taxpayer consistently applies the method to the property.
    (b) Section 179 property placed in service by the taxpayer in a 
taxable year beginning after 2002 and before 2008. The provisions of 
Sec. 1.179-2(b)(1) and (b)(2)(ii), the second sentence of Sec. 1.179-
4(a), and the provisions of Sec. 1.179-5(c), reflecting changes made to 
section 179 by the Jobs and Growth Tax Relief Reconciliation Act of 2003 
(117 Stat. 752) and the American Jobs Creation Act of 2004 (118 Stat. 
1418), apply for property placed in service in taxable years beginning 
after 2002 and before 2008.
    (c) Application of Sec. 1.179-5(d). Section 1.179-5(d) applies on 
or after July 12, 2005.

[T.D. 9146, 69 FR 46985, Aug. 4, 2004. Redesignated and amended by T.D. 
9209, 70 FR 40192, July 13, 2005]