26 U.S.C. § 177 : US Code - Section 177: Repealed. Pub. L. 99-514, title II, Sec. 241(a), Oct. 22, 1986, 100 Stat. 2181]

Search 26 U.S.C. § 177 : US Code - Section 177: Repealed.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."