Menu
Tax Notes logo
HOMETax Notes ResearchFederalIRS Guidancerevenue procedures

Rev. Proc. 79-64

Rev. Proc. 79-64; 1979-2 C.B. 579

DATED
DOCUMENT ATTRIBUTES
  • Cross-Reference

    26 CFR 601.105: Examinations of returns and claims for refund,

    credit or abatement; determination of correct tax liability.

    (Also Part I, Sections 167, 263; 1.167(a)-11, 1.263(f)-1.)

  • Code Sections
  • Language
    English
  • Tax Analysts Electronic Citation
    not available
Citations: Rev. Proc. 79-64; 1979-2 C.B. 579

Superseded by Rev. Proc. 83-35

Rev. Proc. 79-64

In this Revenue Procedure, the Assistant Secretary (Tax Policy) of the Treasury prescribes a revised Annual Asset Guideline Repair Allowance Percentage for Asset Guideline Class 40.1, Railroad Machinery and Equipment, of 16.5. This change is effective for taxable years ending on or after December 31, 1979. The Description of Assets Included, Asset Guideline Period, and Asset Depreciation Range of Class 40.1 remain unchanged.

Rev. Proc. 77-10, 1977-1 C.B. 548, is modified.

DOCUMENT ATTRIBUTES
  • Cross-Reference

    26 CFR 601.105: Examinations of returns and claims for refund,

    credit or abatement; determination of correct tax liability.

    (Also Part I, Sections 167, 263; 1.167(a)-11, 1.263(f)-1.)

  • Code Sections
  • Language
    English
  • Tax Analysts Electronic Citation
    not available
Copy RID