“(ii) this sort of venture affects an existing, approximately 40 acre community mass transportation bus-way terminal facility Situated adjacent to an interstate freeway;
(ii) Acquisition requirementsAn acquisition of house meets the necessities of this clause if— (I) these assets was not utilized by the taxpayer Anytime previous to such acquisition, and
The Secretary, via an Office environment founded within the Treasury, shall watch and analyze genuine expertise with respect to all depreciable assets. The reference During this paragraph to subsection (m) of part 167 shall be taken care of like a reference to this sort of subsection as in effect on the day ahead of the day with the enactment of the Revenue Reconciliation Act of 1990.
“(D) Residence is explained With this subparagraph if these types of assets is leased to an academic institution for use being an Arts and Humanities Heart and with respect to which— “(i) in November 1982, an architect was engaged to style a planned renovation;
this kind of human being shall not, for needs of paragraph (two), be addressed as possessing placed these kinds of assets in services before these types of property is disposed of simply since this kind of individual rented these kinds of house or held these property for rental.
the lessor or lessee shall be treated as getting submitted a timely return if a return is filed inside of an inexpensive time following the failure is ascertained.
“The amendments created by this section [amending this part and sections 1400L and 1400N of this title] shall apply to assets put in support soon after December 31, 2009, in taxable yrs ending just after these date.”
“If, through the terms from the applicable charge buy very last entered ahead of the day with the enactment of this Act [Aug. thirteen, 1981] by a regulatory Fee acquiring proper jurisdiction, a regulated public utility would (but for this provision) are unsuccessful to satisfy the requirements of section 168(e)(three) of the Internal Earnings Code of 1986 [formerly I.R.C. 1954] with respect to assets for the reason that, for an accounting interval ending just after December 31, 1980, these types of public utility used a technique of accounting besides a normalization method of accounting, such controlled public utility shall not fall short to meet these types of demands if, through the phrases of its initial level buy analyzing price of service with respect to these home which becomes productive after the date of the enactment of this Act and on or in advance of January 1, 1983, this kind of controlled public utility uses a normalization means of accounting.
the applicable convention for all residence to which this area applies placed in service all through these taxable year shall be the mid-quarter Conference.
For reasons of subparagraph (J), the term “northern percentage of the Western Hemisphere” signifies the region lying west on the thirtieth meridian west of Greenwich, east on the international dateline, and north of your Equator, but not such as any overseas nation which is a rustic of South America.
Any period of time laid out in the previous sentence shall not implement to any assets ordered ahead of (or the construction, reconstruction, or erection of which began just before) the date of the Executive buy Unless of rico168 course the President determines an earlier day to become in the public curiosity and specifies these date in The chief get.
“(Z) A project is described in this subparagraph if— “(i) this sort of project will involve a fiber optic network of no less than 475 miles, passing via Minnesota and Wisconsin; and
“(II) any get acknowledged by a tax-exempt entity on any disposition of the curiosity in these entity (and any dividend or curiosity gained or accrued by a tax-exempt entity from these kinds of tax-exempt controlled entity) shall be treated as unrelated business enterprise taxable income for reasons of part 511.
(D) Exception where by home Utilized in unrelated trade or small business The expression “tax-exempt use house” shall not involve any part of a residence if such part is predominantly employed by the tax-exempt entity (right or via a partnership of which these types of entity is often a associate) in an unrelated trade or business enterprise the income of which happens to be topic to tax under portion 511.