Reforestation Expenditures [Internal Revenue] Law and Legal Definition
Pursuant to 26 CFR 1.194-3 (c) (1) [Title 26 Internal Revenue; Chapter I Internal Revenue Service, Department of the Treasury; Subchapter A Income Tax; Part 1 Income Taxes; Normal Taxes and Surtaxes; Computation of Taxable Income; Itemized Deductions for Individuals and Corporations], the term Reforestation Expenditures means “direct costs incurred to plant or seed for forestation or reforestation purposes. Qualifying expenditures include amounts spent for site preparation, seed or seedlings, and labor and tool costs, including depreciation on equipment used in planting or seeding. Only those costs which must be capitalized and are included in the adjusted basis of the property qualify as reforestation expenditures. Costs which are currently deductible do not qualify.”
Legal Definition list
- Reforestation Expenditures [Internal Revenue]
- Refining Margins (Oil and Gas)
- Refinery Revitalization
- Refiner
- Refinancing Risk
- Reformation
- Reformative Theory
- Reformatory
- Refoulement
- Refuge
- Refuge Alternative
Related Legal Terms
- Accrued Expenditures
- Accumulation plan [Internal Revenue]
- Actuarial Present Value [Internal Revenue]
- Airport Revenue [Aeronautics and Space]
- All Substantial Rights to a Patent [Internal Revenue]
- Alternate Payee [Internal Revenue]
- Approved Terminal or Refinery [Internal Revenue]
- Architectural and Transportation Barrier Removal Expenses [Internal Revenue]
- Audits Internal
- Board of Trustees of the Internal Improvements Trust Fund
