Procedure.

CFR · 2024-01-01 · US · Title 7

(a) The portion of an applicable payment that may be excluded from gross income under part 14 shall be that portion or all, as appropriate, that— (1) Is determined to be made primarily for the purpose of conserving soil and water resources, protecting or restoring the environment, improving forests, or providing wildlife habitat; and (2) Is determined by the Secretary of the Treasury as not increasing substantially the annual income derived from the property associated with the payment. (b) (1) (2) (3) Where a purpose of a payment, or portion thereof, is in doubt, the following sources should be considered— (i) Authorizing legislation, legislative history, administrative regulation, administrative history, interpretive case law, and the administrative policies and procedures under which the applicable program operates and the payment is made; and (ii) Agreements or other documentation accompanying the transfer of the payment; (iii) Use made of the payment by the recipient.

official document · source cfr-2024 · id 7:§ 14.5