Page:United States Statutes at Large Volume 95.djvu/230

 95 STAT. 204 26 USC 168.

PUBLIC LAW 97-34—AUG. 13, 1981 -SEC. 168. ACCELERATED COST RECOVERY SYSTEM. "(a) ALLOWANCE OF DEDUCTION.—There shall be allowed as a

deduction for any taxable year the amount determined under this section with respect to recovery property. "(b) AMOUNT OP DEDUCTION.—

"(1) IN GENERAL.-Except as otherwise provided in this section, the amount of the deduction allowable by subsection (a) for any taxable year shall be the aggregate amount determined by applying to the una(^'usted basis of recovery property the applicable percentage determined in accordance with the following tables: "(A) FOR PROPERTY PLACED IN SERVICE AFTER DECEMBER SI, 1980, AND BEFORE JANUARY 1, 1985.—

Iltbe recovery year is:

1 2.. 8 4 5 fi

7 8 9 10 11. 12. 18. 14. 15.

The i^plicable peroenta^ for the class of property is: 8<year 26 88 87

5-year 15 22 21 21 21

10-year 8 14 12 10 10 10 9 9 9 9

''(B) FOR PROPERTY PLACED IN SERVICE IN 1985.—

15-year public utility 5 10 9 8 7 7 6 6 6 6 6 6 6 6

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