“(ii) is always to be produced with a platform making use of air rights above land obtained by a Point out authority and recognized as web-site B in a very report dated Might thirty, 1984, ready to get a State city advancement corporation; and
(D) An entity is related to A different entity with respect to a transaction if these transaction is part of the attempt by these types of entities to stop the application of the subsection.
“(D) A job is described During this subparagraph if— “(i) this sort of undertaking is a component of a flat rolled products modernization approach which was originally introduced into the Board of Administrators on the taxpayer on July eight, 1983,
the depreciation deduction provided by part 167(a) shall be determined beneath the choice depreciation method.
“(II) a fraction the numerator of which can be the number of days during the taxable yr right before January 1, 2016, plus the denominator of that is the quantity of times inside the taxable calendar year, furthermore
(vii) provides that the customer does not have any lawful obligation to make all of the payments referred to in clause (ii) set forth underneath the agreement, and that at the end of Every payment period The shopper may perhaps possibly continue on to implement The customer home by creating the payment for the next payment interval or return these house for the rent-to-have seller in very good Functioning order, wherein scenario the customer would not incur any even further obligations under the deal and is not entitled to the return of any payments Earlier manufactured under the agreement, and
“(ii) the chief government officer of your neighborhood governmental device, in reference to the renovation of such constructing, made an application on June 1, 1983, into a Condition company for a Federal historic preservation grant and produced an application on June 17, 1983, to your Financial Development Administration of the United States Division of Commerce for the grant,
This provision shall not apply to any fee order which, beneath the rules in result ahead of the date with the enactment of the Act, necessary a controlled general public utility to employ a approach to accounting with regard towards the deduction allowable by area 167 which, less than segment 167(
(7) Denial of double gain Paragraph (1) shall not utilize to any skilled next era biofuel plant property with regard to which an election has been built less than section 179C (relating to election to price particular refineries).
“(D) Certain extra assignments.—A job is explained During this subparagraph whether it is explained in any of the next clauses of this subparagraph and the principal developer of all these jobs is identical human being: “(i) A challenge is explained During this clause if the event arrangement with respect thereto was entered into during April 1984 and also the believed expense of the task is about $194,000,000.
Any time period laid out in the preceding sentence shall not use to any assets ordered right before (or the construction, reconstruction, or erection of which started before) the date of The chief order Except if the President establishes an earlier date being in the public curiosity and specifies these day in the Executive purchase.
“(ii) Sizeable expenses.— In the case of amenities the initial usage of which commences With all the taxpayer and with regard to which considerable expenses are made ahead of January one, 1983, the amendments created by this segment shall not implement with respect to these types of amenities to the extent such services are financed from the proceeds of the obligation issued solely to refund A different obligation which was issued just before July one, 1982.
(B) rolling stock that is used inside of and with out the United States and which can be— (i) of a rail provider subject to part A of subtitle IV of title forty nine, or
For uses of this paragraph, the phrase ‘capable individual’ suggests any person whose rights in this type of deal or this sort of assets are transferred to the taxpayer, but only if these types of rico168 property is just not put in service ahead of such rights are transferred for the taxpayer.