Examlex
If boot is received in a § 1031 like-kind exchange that results in some of the realized gain being recognized, the holding period for both the like-kind property and the boot received begins on the date of the exchange.
Since 1960
Referencing a period beginning in the year 1960 to the present or a specified end point, often used to indicate the duration of a particular trend or changes over time.
Government Subsidies
Financial assistance provided by the government to individuals, organizations, or industries to support their activities, reduce their costs, or encourage specific economic or social outcomes.
Tax Breaks
Financial incentives or reductions in tax given by the government to encourage certain behaviors or investments.
Resource Conservation
The practice of using natural resources wisely to ensure their availability for future generations, often involving efforts to reduce wastage and promote sustainable use.
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