26 U.S.C. § 180 : US Code - Section 180: Expenditures by farmers for fertilizer, etc.

Search 26 U.S.C. § 180 : US Code - Section 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.