Federal · Title 26 — Internal Revenue Code
26 U.S.C. § 185: Repealed. Pub. L. 99–514, title II, § 242(a) , Oct. 22, 1986 , 100 Stat. 2181 ]
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Except as provided in paragraph (2), the amendments made by this section [amending sections 1082 and 1250 of this title and repealing this section] shall apply to that portion of the basis of any property which is attributable to expenditures paid or incurred after December 31, 1986 . pursuant to a binding contract entered into before March 2, 1986 , or with respect to any improvement 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 improvement has been incurred or committed before such date.
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