MLchartDataset catalogue

Listed property

Term · Law · MLC-T-LAW-003075

Property defined in the Internal Revenue Code that is easily used for personal as well as business purposes and therefore faces extra limits on depreciation deductions and stricter substantiation rules. It covers passenger automobiles, other transportation vehicles, and property used for entertainment or recreation, such as cameras. Cell phones and computers were dropped from the category by legislation in 2010 and 2017.

Table 1. Record
IdentifierMLC-T-LAW-003075
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-003075",
  "term": "Listed property",
  "field": "Law",
  "definition": "Property defined in the Internal Revenue Code that is easily used for personal as well as business purposes and therefore faces extra limits on depreciation deductions and stricter substantiation rules. It covers passenger automobiles, other transportation vehicles, and property used for entertainment or recreation, such as cameras. Cell phones and computers were dropped from the category by legislation in 2010 and 2017.",
  "url": "https://mlchart.com/terminology/law/listed-property/"
}

Record 3,032 of 5,439 in Law terminology (MLC-0107). Request the full dataset.