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TREAS/IRS RIN: 1545-BM65 Publication ID: Spring 2019 
Title: Income Inclusion When Lessee Treated as Having Acquired Investment Credit Property 

These regulations provide guidance under section 50(d)(5) of the Internal Revenue Code (Code) regarding the inclusion in gross income required by a lessee when a lessor elects to treat the lessee as having acquired investment credit property. Specifically, these regulations address the interaction of the income-inclusion rules under section 50(d)(5) of the Code and subchapters K and S of the Code.

Agency: Department of the Treasury(TREAS)  Priority: Substantive, Nonsignificant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Final Rule Stage 
Major: No  Unfunded Mandates: No 
EO 13771 Designation: Other 
CFR Citation: 26 CFR 1.50-1   
Legal Authority: 26 U.S.C. 7805    26 U.S.C. 50(d)   
Legal Deadline:  None
Action Date FR Cite
NPRM by Cross-Reference to Temporary Regulations and NPRM Withdrawal FR dates 12/20/85 and 09/21/87  07/22/2016  81 FR 47739   
NPRM by Cross-Reference to Temporary Regulations Comment Period End  10/20/2016 
Final Action  07/00/2019 
Additional Information: REG-102516-15 Drafter attorney: Dillon Taylor (202) 317-4137 Reviewer attorney: Jian H. Grant (202) 317-4137 Treasury attorney: Hannah B. Hawkins (202) 622-3351 CC:PSI
Regulatory Flexibility Analysis Required: No  Government Levels Affected: None 
Small Entities Affected: Businesses  Federalism: No 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: No 
Related RINs: Related to 1545-BM74 
Agency Contact:
Dillon J. Taylor
Department of the Treasury
Internal Revenue Service
1111 Constitution Avenue NW., Room 5107,
Washington, DC 20224
Phone:202 317-4137
Fax:855 591-7867