Internal Revenue Service
Revenue Ruling

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 Rev. Rul. 73-91

1973-1 C.B. 71

Sec. 162
Sec. 164

IRS Headnote

Amounts deposited in District of Columbia parking meters are not deductible as taxes under section 164 of the Code, but if they represent expenditures in connection with a trade or business they are deductible under section 162(a); I.T. 3365 superseded.

Full Text

Rev. Rul. 73-91 /1/

Amounts deposited in parking meters in the District of Columbia are not deductible as taxes under section 164 of the Internal Revenue Code of 1954. However, if the amounts deposited in the meters represent expenditures in connection with a taxpayer's trade or business, the amounts are deductible as business expenses under section 162(a) of the Code.

I.T. 3365, 1940-1 C.B. 31, is hereby superseded, since the position stated therein is restated under the current law in this Revenue Ruling.

/1/ Prepared pursuant to Rev. Proc. 67-6, 1967-1 C.B. 576.