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TITLE 26-INTERNAL REVENUE CODE such election, discontinue the amortization de- duction with respect to the remainder of the amortization period, such discontinuance to begin as of the beginning of any month speci- fied by the taxpayer in a notice in writing filed with the Secretary before the beginning of such month, The depreciation deduction pro- vided under section 167 shall be allowed, begin- ning with the first month as to which the am- ortization deduction does not apply, and the taxpayer shall not be entitled to any further amortization deeduction under this section with respect to such certified historic structure. (d) Definitions For purposes of this section- (1) Certified historic structure The term "certified historic structure" means a building or structure which is of a character subject to the allowance for depre- ciation provided in section 167 which- (A) is listed in the National Register, (B) is located in a Registered Historic Dis- trict and is certified by the Secretary of the Interior as being of historic significance to the district, or (C) is located in an historic district desig- nated under a statute of the appropriate State or local government if such statute is certified by the Secretary of the Interior to the Secretary as containing criteria which will substantially achieve the purpose of preserving and rehabilitating buildings of historic significance to the district. (2) Amortizable basis The term "amortizable basis" means the portion of the basis attributable to amounts expended in connection with certified reha- bilitation. (3) Certified rehabilitation The term "certified rehabilitation" means any rehabilitation of a certified historic struc- ture which the Secretary of the Interior has certified to the Secretary as being consistent with the historic character of such property or the district in which such property is locat- ed. (e) Depreciation deduction The depreciation deduction provided by sec- tion 167 shall, despite the provisions of subsec- tion (a), be allowed with respect to the portion of the adjusted basis which is not the amortiza- ble basis. (f) Life tenant and remainderman In the case of property held by one person for life with remainder to another person, the de- duction under this section shall be computed as if the life tenant were the absolute owner of the property and shall be allowable to the life tenant. (g) Cross references (1) For rules relating to the listing of buildings and structures in the National Register and for definitions of "National Register" and "Registered Historic District", see section .170 et seq. of title 16 of the United States Code. (2) For special rule with respect to certain gain derived from the disposition of property the adjusted basis of which is determined with regard to this section, see sec- tion 1245. (Added Pub. L. 94-455, title XXI, §2124(a)(1), Oct. 4, 1976, 90 Stat. 1916.) EFFECTIVE AND TERMINATION DATE Section 2124(a)(4) of Pub. L. 94-455 provided that: "The amendments made by this subsection leacting this section and amending sections 642(f), 1082(a)(2), 1245(a) and 1250(b)(3) of this title] shall apply with respect to additions to capital account made after June 14, 1976 and before June 15, 1981." SECTION REFERRED TO IN OTHER SECTIONS This section is referred to in sections 280B, 642 of this title. PART VII-ADDITIONAL ITEMIZED DEDUCTIONS FOR INDIVIDUALS Sec. 211. Allowance of deductions. 212. Expenses for production of income. 213. Medical, dental, etc., expenses. [214. Repealed.] 215. Alimony, etc., payments. 216. Deduction of taxes, Interest, and business depre- ciation by cooperative housing corporation tenant-stockholder. 217. Moving expenses. 218. Contributions to candidates for public office. 219. Retirement savings. 220. Retirement savings for certain married individ- uals. 221. Cross references. AMENDMENTS 1976-Pub. L. 94-455, title V, § 504(b)(2), Oct. 4, 1976, 90 Stat. 1565, struck out item 214 "Expenses for household and dependent care services necessary for gainful employment". Pub. L. 94-455, title XV, § 1501(c), Oct. 4, 1976, 90 Stat. 1737, added item 220 and redesignated former item 220 as 221. 1974-Pub. L. 93-406, title II, § 2002(h)(1), Sept. 2, 1974, 88 Stat. 970, redesignated former item 219 as 220 and added item 219. 1971-Pub. L. 92-178, title II, § 210(b), title VII, § 702(c), Dec. 10, 1971, 85 Stat. 520, 562, substituted "Expenses for household and dependent care services necessary for gainful employment" for "expenses for care of certain dependents" in item 214, added item 218 and redesignated former item 218 as 219. 1964-Pub. L. 88-272, title II, § 213(a)(2), Feb. 26, 1964, 78 Stat. 52, redesignated former item 217 as 218. and added item 217. 1962-Pub. L. 87-834, § 28(b), Oct. 16, 1962, 76 Stat. 1068, substituted "Deduction of taxes, interest, and business depreciation by cooperative housing corpora- tion tenant-stockholder" for "Amounts representing taxes and interest paid to cooperative housing corpo- ration" in item 216. PART REFERRED TO IN OTHER SECTIONS This part is referred to in sections 62, 703 of this title. § 211. Allowance of deductions In computing taxable income under section 63(a), there shall be allowed as deductions the items specified in this part, subject to the ex- ceptions provided in part IX (section 261 and following, relating to items not deductible). (Aug. 16, 1954, ch. 736, 68A Stat. 69.) § 212. Expenses for production of income In the case of an individual, there shall be al- lowed as a deduction all the ordinary and neces- sary expenses paid or incurred during the tax- able year- § 211 Page 192