684 



000,000 per fiscal year for the fiscal years ending Sep- 

 tember 30, 1977, September 30, 1978, and September 30, 

 1979. following "for the fiscal year ending June 30, 

 1976" and added "the period beginning July 1, 1978, 

 and ending September 30, 1976, and the fiscal years 

 ending September 30, 1977, September 30, 1978, and 

 September 30, 1979," following "and June 30, 1976," 

 and substituted "15 per centum" for "10 per centum." 

 1974 — Pub. L. 93^23 added "not to exceed $200,000,000 

 for the fiscal year ending June 30. 1975. and not to exceed 

 $250,000,000 for the fiscal year ending June 30, 1976," 

 following "for the fiscal year ending June 30. 1974.", and 

 added "and not less than 10 per centum nor more than 35 

 per centum of all appropriations made for the fiscal years 

 ending June 30, 1975 and June 30, 1976," following "and 

 June 30, 1974,". 



1973 — Pub. L. 93—46 authorized appropriations of not 

 exceeding $200,000,000 for fiscal year ending June 30. 1974, 

 and made the percentage limitation applicable to fiscal 

 year 1974 appropriation for expenditure in redevelopment 

 areas designated under section 3161(a) (6) of this title. 



1971 — Pub. L. 92-65 authorized appropriations of not 

 exceeding $800,000,000 per fiscal ye.ir lor the fiscal years 

 ending June 30, 1972 and June 30. 1973. and further 

 provided that amounts authorized for the fiscal year end- 

 ing June 30. 1972 but not appropriated, may be appro- 

 priated for the fiscal year ending June 30, 1973, and that 

 out of appropriations made for the fiscal years ending 

 June 30, 1S72 and June 30. 1973. not less than 25 percent 

 and not more than 35 percent be spent in redevelop- 

 ment areas designated under section 3161(a)(6) of this 

 title. 



§.■5136. .Sewor .iiid other waste disposal facilities; cer- 

 tification by .Administrator of the Environmental 

 Protection Agency regarding adequate treatment 

 prior to discharge into streams. 



No financial assistance, through grants, loans. 



guarantees, or otherwise, shall be made under this 

 chapter to be used directly or indirectly for sewer 

 or other waste disposal facilities unless the Admin- 

 istrator of the Environmental Protection Agency 

 certifies to the Secretary that any waste material 

 cerried by such facilities will be adequately treated 

 before it is discharged into any public waterway so 

 as to meet applicable Federal. State, interstate, or 

 local water quality standards iPub. L. 89-136. title 

 I, § 106. Aug. 26, 1965, 79 Stat. 554; 1966 Reorg. Plan 

 No. 2. §1 (h)(3i, eff. May 10. 1966, 31 F.R. 6857. 

 80 Stat. 1608; 1970 Reorg. Plan No. 3. § 2(a) (1 ) . efT 

 Dec. 2, 1970. 35 F.R. 15623, 84 Stat. 2086.) 



§ 3137. Construction cost increases. 



In any case where a grant (including a supple- 

 mental grant) has been made under this title for 

 a project and after such grant has been made but 

 before completion of the project, the cost of such- 

 project based upon the designs and specifications 

 which were the basis of the grant has been in- 

 creased because of increases in costs, the amoimt of 

 such grant may be increased by an amount equal to 

 the percentage increase, as determined by the Sec- 

 retary, in such costs, but in no event shall the 

 percentage of the Federal share of such project 

 exceed that originally provided for in such grant. 

 (Added Pub. L. 94-487, § 106. Oct. 12. 1976. 90 Stat. 

 2332.) 



7. Itemized Deductions for Individuals and Corporations 



26 U.S.C. 169, 175 



169. Amortization of pollution control facilities 



* * » If » 



175. Soil and water conservation expenditures. 



§ 169. .Amortization of pollution control facilities, 

 (a) .\llowance of deduction. 



Every person, at his election, shall be entitled to 

 a deduction with respect to the amortization of the 

 amortizable basis of any certified pollution conti'ol 

 facility (as defined in subsection (d)), based on a 

 period of 60 months. Such amortization deduction 

 shall be an amount, with respect to each month 

 of such period within the taxable year, equal to the 

 amortizable basis of the jxillution control facility 

 at the end of such month divided by the number of 

 months (including the month for which the deduc- 

 tion Is computed) remaining in the period. Such 

 amortizable basis at the end ot the month shall be 

 computed without regard to the amortization deduc- 

 tion for such month. The amortization deduction 

 provided by this section with respect to any month 

 shall be in lieu of the depreciation deduction with 

 respect to such pollution control facility for such 

 month provided by sec. 167.' The 60-month period 



> Section 167 details the manner in which depreciation 

 is computed. 



shall begin, as to any pollution control facility, at 

 the election of the taxpayer, with the month follow- 

 ing the month in which such facility was completed 

 or acquired, or with the succeeding taxable year. 



(b) Election of amortization. 



The election of the taxpayer to take the amortiza- 

 tion deduction and to begin the 60-month period 

 with the month following the month in which the 

 facility is completed or acquired, or with the taxable 

 year succeeding the taxable year in which such 

 facility is completed or acquired, shall be made by fil- 

 ing with the Secretary or his delegate, in such man- 

 ner, in such form, and within such time, as the Sec- 

 retary or his delegate may by regulations prescribe, 

 a statement of such election. 



(c) Termination of amortization deduction. 



A taxpayer which has elected under subsection (b) 

 to take the amortization deduction provided in sub- 

 section (a> may, at any time after making such 

 election, discontinue the amortization deduction with 

 respect to the remainder of the amortization period, 

 such discontinuance to begin as of the beginning of 

 any month specified by the taxpayer in a notice in 

 writing filed with the Secretary or his delegate be- 

 fore the beginning of such month. The deprecia- 

 tion deduction provided under section 167 shall be 



