
From the U.S. Code Online via GPO Access
[wais.access.gpo.gov]
[Laws in effect as of January 2, 2001]
[Document not affected by Public Laws enacted between
  January 2, 2001 and January 28, 2002]
[CITE: 26USC177]

 
                     TITLE 26--INTERNAL REVENUE CODE
 
                        Subtitle A--Income Taxes
 
                  CHAPTER 1--NORMAL TAXES AND SURTAXES
 
               Subchapter B--Computation of Taxable Income
 
      PART VI--ITEMIZED DEDUCTIONS FOR INDIVIDUALS AND CORPORATIONS
 
[Sec. 177. Repealed. Pub. L. 99-514, title II, Sec. 241(a), Oct. 
        22, 1986, 100 Stat. 2181]
        
    Section, added June 29, 1956, ch. 464, Sec. 4(a), 70 Stat. 406; 
amended Oct. 4, 1976, Pub. L. 94-455, title XIX, Sec. 1906(b)(13)(A), 90 
Stat. 1834, related to deductions for trademark and trade name 
expenditures.


                        Effective Date of Repeal

    Section 241(c) of Pub. L. 99-514 provided that:
    ``(1) In general.--Except as provided in paragraph (2), the 
amendments made by this section [amending sections 312 and 1016 of this 
title and repealing this section] shall apply to expenditures paid or 
incurred after December 31, 1986.
    ``(2) Transitional rule.--The amendments made by this section shall 
not apply to any expenditure incurred--
        ``(A) pursuant to a binding contract entered into before March 
    2, 1986, or
        ``(B) with respect to the development, protection, expansion, 
    registration, or defense of a trademark or trade name commenced 
    before March 2, 1986, but only if not less than the lesser of 
    $1,000,000 or 5 percent of the aggregate cost of such development, 
    protection, expansion, registration, or defense has been incurred or 
    committed before such date.
The preceding sentence shall not apply to any expenditure with respect 
to a trademark or trade name placed in service after December 31, 
1987.''
