Regulacje i polityka gospodarcza · 20/12/1999

Proposed Regulations on Definition of Contribution in Aid of Construction Under Section 118(c)

The IRS has proposed new regulations clarifying the definition of a contribution in aid of construction under Section 118(c) and how it affects the adjusted basis of acquired properties. A public hearing has been scheduled to discuss these proposed changes, primarily impacting regulated public utilities that provide water or sewerage services.