Code Section 263a

What is section 263a.

Code section 263a. Section 263a of such code shall not apply to property described in the matter following subparagraph b of section 207 e 2 of the tax equity and fiscal responsibility act of 1982 section 207 e 2 b of pub. The allocation used in the regulations prescribed under section 263a h 2 of the internal revenue code of 1986 for apportioning storage costs and related handling costs shall be determined by dividing the amount of such costs by the beginning inventory balances and the purchases during. Section 263a often referred to as the uniform capitalization rules or unicap requires taxpayers to capitalize direct and indirect costs properly allocable to real or tangible personal property produced or acquired for resale by the taxpayer.