“(D) Exclusive rule for greenville auditorium board.— For applications of the paragraph, substantial official governmental action taken through the Greenville County Auditorium Board of Greenville, South Carolina, ahead of May well 23, 1983, shall be addressed as significant Formal governmental action with respect to your coliseum facility matter to some binding contract to lease which was in impact on January 1, 1985.
(19) Competent clever electric powered grid techniques (A) In generalThe expression “capable intelligent electric grid technique” usually means any intelligent grid house which— (i) is applied as part of a method for electric distribution grid communications, monitoring, and management placed in support by a taxpayer who's a supplier of electrical Strength or maybe a service provider of electrical Electricity services, and
(ii) Exclusion This kind of time period doesn't consist of rolling stock or other equipment applied to transport reuse and recyclable elements.
(nine) Normalization regulations (A) In generalIn purchase to work with a normalization way of accounting with respect to any community utility house for needs of subsection (file)(2)— (i) the taxpayer need to, in computing its tax cost for reasons of establishing its cost of support for ratemaking reasons and reflecting working results in its controlled textbooks of account, make use of a approach to depreciation with respect to such property that may be similar to, and also a depreciation period of time for this sort of home that's no shorter than, the tactic and period of time accustomed to compute its depreciation expense for this kind of needs; and
(B) the first utilization of which commences With all the taxpayer following the day of the enactment of the subsection,
“(iii) the promoting of partnership models in this sort of partnership is accomplished not afterwards than two several years following the later on in the day of the enactment of the Act [July eighteen, 1984] or maybe the day of publication in the Federal Sign-up of these types of exemption because of the Department of Labor plus the combination variety of units in this sort of partnership bought does not exceed the quantity described in clause (i).
Such lessee shall include things like a securities business that fulfills the requirements of subparagraph (A), other than the lessee is obligated to lease the developing beneath a lease entered into on June eighteen, 1986.
“(iii) the venture is undertaken by a Maine corporation and requires the modernization of pulp and paper mills in Millinocket and/or East Millinocket, Maine, or
“(K) Residence is explained During this subparagraph if these types of assets is employed by university of osteopathic medicine and wellness sciences, and on or before December 31, 1983, the Board of Trustees of these university approved the development of these types of residence.
(B) Procedure of lessor improvements which are abandoned at termination of leaseAn advancement— (i) that's made by the lessor of leased house for the lessee of these property, and
and such property is leased again by the taxpayer to this kind of particular person, or is leased to these types of man or woman, not later than the earlier on the relevant date beneath paragraph (two) or even the working day which happens to be 3 months following these types of home was put in assistance.
“(iv) the task, which involves the expansion of the present provider facility and the addition of new lab services essential to accommodate topcoat and undercoat generation wants of a close-by automotive assembly plant, was approved through the corporation’s administration committee on March five, 1986, or
“(II) any obtain acknowledged by a rico168 tax-exempt entity on any disposition of the interest in this kind of entity (and any dividend or fascination gained or accrued by a tax-exempt entity from these kinds of tax-exempt controlled entity) shall be dealt with as unrelated enterprise taxable income for functions of area 511.
R.C. 1954] which was submitted before the date with the enactment of this Act [Sept. three, 1982] or to deny a credit rating for investment decision in depreciable house claimed with the lessee on this type of return pursuant to an agreement Using the lessor which the lessor would not assert the credit history.”