26 CFR § 1.616-3 - Time for making election with respect to returns due on or before May 2, 1960.

---
identifier: "/us/cfr/t26/s1.616-3"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "26 CFR § 1.616-3 - Time for making election with respect to returns due on or before May 2, 1960."
title_number: 26
title_name: "Internal Revenue"
section_number: "1.616-3"
section_name: "Time for making election with respect to returns due on or before May 2, 1960."
chapter_name: "INTERNAL REVENUE SERVICE, DEPARTMENT OF THE TREASURY"
subchapter_number: "A"
subchapter_name: "INCOME TAX"
part_number: "1"
part_name: "INCOME TAXES"
positive_law: false
currency: "2026-04-05"
last_updated: "2026-04-05"
format_version: "1.1.0"
generator: "[email protected]"
authority: "26 U.S.C. 7805, unless otherwise noted."
regulatory_source: "T.D. 6500, 25 FR 11402, Nov. 26, 1960; 25 FR 14021, Dec. 21, 1960; T.D. 9989, 89 FR 17606, Mar. 11, 2024, unless otherwise noted."
cfr_part: "1"
---


# 1.616-3 Time for making election with respect to returns due on or before May 2, 1960.

In the case of any taxable year beginning after December 31, 1953, and ending after August 16, 1954, the income tax return for which is due not later than May 2, 1960, the time to deduct or defer development expenditures for such a year under section 616 (a) or (b) shall expire on May 2, 1960.