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Internal Revenue Code Sections

IRC Section 170(e)(3)

Allows C Corporations an enhanced deduction for qualified contributions of food inventory to qualified organizations.

IRC Section 197

Generally, Section 197 intangibles include designs (package designs). However, if the design is self created, the asset is a Section 197 intangible, but not an amortized Section 197 intangible. Therefore, the 15-year recovery period does not apply. See the Coordinated Issue Paper on Package Design Costs (PDF).

References/Related Topics

Tax Laws and Regulations - Restaurant

Note: This page contains one or more references to the Internal Revenue Code (IRC), Treasury Regulations, court cases, or other official tax guidance. References to these legal authorities are included for the convenience of those who would like to read the technical reference material. To access the applicable IRC sections, Treasury Regulations, or other official tax guidance, visit the Tax Code, Regulations, and Official Guidance page. To access any Tax Court case opinions issued after September 24, 1995, visit the Opinions Search page of the United States Tax Court.

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Page Last Reviewed or Updated: 2012-08-02