26 U.S. Code § 110. Qualified lessee construction allowances for short-term leases
(a) In generalGross income of a lessee does not include any amount received in cash (or treated as a rent reduction) by a lessee from a lessor—
but only to the extent that such amount does not exceed the amount expended by the lessee for such construction or improvement.
(b) Consistent treatment by lessor
(c) DefinitionsFor purposes of this section—
(1) Qualified long-term real property
(2) Short-term lease
(d) Information required to be furnished to SecretaryUnder regulations, the lessee and lessor described in subsection (a) shall, at such times and in such manner as may be provided in such regulations, furnish to the Secretary—
information concerning the amounts received (or treated as a rent reduction) and expended as described in subsection (a), and
any other information which the Secretary deems necessary to carry out the provisions of this section.
A prior section 110, act Aug. 16, 1954, ch. 736, 68A Stat. 33, related to income taxes paid by lessee corporations, prior to repeal by Pub. L. 101–508, title XI, § 11801(a)(6), Nov. 5, 1990, 104 Stat. 1388–520.