franchise

(A)The term “franchise” has the meaning given to such term by section 1253(b)(1). (B)Any renewal of a franchise, trademark, or trade name (or of a license, a permit, or other right referred to in subsection (d)(1)(D)) shall be treated as an acquisition. The preceding sentence shall only apply with respect to costs incurred in connection with such renewal. (C)Any amount to whichapplies shall not be taken into account under this section.

Source

26 USC § 197(f)(4)(A)


Scoping language

None: Default is title Scope
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