### Question
How does Income Taxes define 20-year property?


### Answer
Under *26 U.S.C. § 168*, **20-year property** is defined as:

> initial clearing and grading land improvements with respect to any electric utility transmission and distribution plant

#### Citation:
  - *26 U.S.C. § 168*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 1-NORMAL TAXES AND SURTAXES > Subchapter B-Computation of Taxable Income > PART VI-ITEMIZED DEDUCTIONS FOR INDIVIDUALS AND CORPORATIONS**

