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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 
Abstract:

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
Timetable:
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
Attorney
Department of the Treasury
Internal Revenue Service
1111 Constitution Avenue NW., Room 5107,
Washington, DC 20224
Phone:202 317-4137
Fax:855 591-7867
Email: dillon.j.taylor@irscounsel.treas.gov