franchise

(4) Treatment of franchises, etc. (A) Franchise The term “franchise” has the meaning given to such term by section 1253(b)(1). (B) Treatment of renewals 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) Certain amounts not taken into account Any amount to which section 1253(d)(1) applies shall not be taken into account under this section.

Source

26 USC § 197(f)(4)

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Scoping language

None identified, default scope is assumed to be the parent (part VI) of this section.

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