SIA Submits Comments to the IRS on Regulations Relating to Deductions for Certain Capital Expenditures

Published on:
March 29, 2001

The Committee on the Federal Taxation of the Securities Industry of the Securities Industry Association (SIA)* provides comments to the Internal Revenue Service (IRS) on recently proposed regulations under Section 263(g) of the Internal Revenue Code related to deductions for certain capital expenditures. This letter serves as an introduction to the SIA’s detailed observations and recommendations.

*SIFMA is the product of a merger between the Securities Industry Association (SIA) and The Bond Market Association (TBMA) in 2006.

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