
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: 26USC180]

 
                     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. 180. Expenditures by farmers for fertilizer, etc.


(a) In general

    A taxpayer engaged in the business of farming may elect to treat as 
expenses which are not chargeable to capital account expenditures 
(otherwise chargeable to capital account) which are paid or incurred by 
him during the taxable year for the purchase or acquisition of 
fertilizer, lime, ground limestone, marl, or other materials to enrich, 
neutralize, or condition land used in farming, or for the application of 
such materials to such land. The expenditures so treated shall be 
allowed as a deduction.

(b) Land used in farming

    For purposes of subsection (a), the term ``land used in farming'' 
means land used (before or simultaneously with the expenditures 
described in subsection (a)) by the taxpayer or his tenant for the 
production of crops, fruits, or other agricultural products or for the 
sustenance of livestock.

(c) Election

    The election under subsection (a) for any taxable year shall be made 
within the time prescribed by law (including extensions thereof) for 
filing the return for such taxable year. Such election shall be made in 
such manner as the Secretary may by regulations prescribe. Such election 
may not be revoked except with the consent of the Secretary.

(Added Pub. L. 86-779, Sec. 6(a), Sept. 14, 1960, 74 Stat. 1001; amended 
Pub. L. 94-455, title XIX, Sec. 1906(b)(13)(A), Oct. 4, 1976, 90 Stat. 
1834.)


                               Amendments

    1976--Subsec. (c). Pub. L. 94-455 struck out ``or his delegate'' 
after ``Secretary''.


                             Effective Date

    Section 6(d) of Pub. L. 86-779 provided that: ``The amendments made 
by subsections (a), (b), and (c) [enacting this section and amending 
section 263 of this title] shall apply to taxable years beginning after 
December 31, 1959.''

                  Section Referred to in Other Sections

    This section is referred to in section 263 of this title.
