(iii) Buildings which include perform spaceAn enclosure or structure which provides get the job done Room shall be handled as only one function agricultural or horticultural structure only if such get the job done Area is only for— (I) the stocking, caring for, or collecting of livestock or vegetation (as the situation could be) or their deliver,
“(v) the job is a component of a facility to consolidate and modernize the silica manufacture of this sort of corporation plus the task was accepted by the president of these types of corporation on August 19, 1985.
In any case in which this section as in impact before the amendments created by segment 201 on the Tax Reform Act of 1986 applied to the home within the hands from the transferor, the reference while in the previous sentence to this part shall be treated for a reference to this section as so in result.
(nine) Normalization policies (A) In generalIn get to utilize a normalization method of accounting with respect to any community utility residence for reasons of subsection (f)(2)— (i) the taxpayer need to, in computing its tax cost for reasons of establishing its cost of services for ratemaking functions and reflecting operating results in its controlled textbooks of account, make use of a way of depreciation with respect to this kind of property that is similar to, and also a depreciation period of time for these kinds of home that's no shorter than, the tactic and period of time accustomed to compute its depreciation expense for these needs; and
(G) any house and that is owned by a domestic corporation or by a U . s . citizen (aside from a citizen entitled to the many benefits of section 931 or 933) and and that is utilised predominantly in a possession of The usa by this sort of an organization or this type of citizen, or by a company produced or structured in, or under the regulation of, a possession of America;
(II) below these types of lease You rico168 will find a mounted or determinable cost invest in or sale alternative which will involve these kinds of entity (or a linked entity) or There's the equal of these types of a choice,
These kinds of lessee shall include things like a securities firm that meets the necessities of subparagraph (A), besides the lessee is obligated to lease the building under a lease entered into on June 18, 1986.
“(R) A project is described During this subparagraph if— “(i) this sort of job is a dragline acquired in reference to a three-stage method which commenced in 1980 to improve output from a coal mine,
(7) Coordination with nonrevenue rules Any reference During this subsection to a provision not contained During this title shall be handled for needs of the subsection to be a reference to these provision as in impact on the day with the enactment of this paragraph.
“(four) The date on which the lessee areas the residence in service, the day on which the lease starts and the time period of your lease;
then, for purposes of applying the earnings legislation of The us in regard to this kind of agreement, the portion of the home allocable to partners (or beneficiaries) not described in clause (iii) shall be handled like it had been topic to some separate agreement and the percentage of these types of residence allocable to your lover or beneficiary explained in clause (iii) shall be handled as if it were being subject matter into a independent settlement.
the President may by Executive order offer for the application of paragraph (1)(D) to any post or class of content articles made or developed in these kinds of international region for these kinds of period of time as could possibly be supplied by this sort of Executive order.
“(ii) the deal price for these types of units and devices signifies at least 50 % of the whole expense of this sort of task.
For reasons of the subparagraph, the phrase ‘qualified container devices’ usually means any container, container chassis, or container trailer of the Usa person that has a present course life of not greater than six a long time.