Impact fees and publicly dedicated improvements: Are they really nondepreciable intangibles?

Authors
Brown, PA Mills, PH
Citation
Pa. Brown et Ph. Mills, Impact fees and publicly dedicated improvements: Are they really nondepreciable intangibles?, J REAL EST, 28(4), 2001, pp. 361-374
Citations number
9
Categorie Soggetti
Economics
Journal title
JOURNAL OF REAL ESTATE TAXATION
ISSN journal
00935107 → ACNP
Volume
28
Issue
4
Year of publication
2001
Pages
361 - 374
Database
ISI
SICI code
0093-5107(200122)28:4<361:IFAPDI>2.0.ZU;2-F
Abstract
Treating dedicated improvements or even impact fees (which indirectly provi de similar benefits) as not part of the basis for property developed and pl aced in service by a taxpayer is inconsistent with case law, the purpose of Section 263A, and the Section 460 treatment of long-term contracts.