The previous sentence shall implement with respect to your property only into the extent that a building on these types of residence site was determined as Element of the job strategy ahead of September 26, 1985, and only to the extent the size in the building on these types of property web page was not considerably greater by reason of the modification towards the job program with respect to this sort of residence on or just after these types of date.
(19) Capable wise electrical grid devices (A) In generalThe time period “certified wise electrical grid procedure” indicates any sensible grid assets which— (i) is used as Section of a procedure for electrical distribution grid communications, monitoring, and management placed in support by a taxpayer who's a provider of electric powered Electrical power or possibly a service provider of electric powered Strength expert services, and
“(G) A undertaking is explained In this particular subparagraph if— “(i) the undertaking can be a newspaper printing and distribution plant project with regard to which a contract for the acquisition of 8 printing press units and associated machines to become mounted in an individual press line was entered into on January eight, 1985, and
(iii) Cure of successor companies Any Corporation which is engaged in functions substantially similar to All those engaged in by a predecessor organization shall realize success to the treatment method under this subparagraph of this sort of predecessor Group.
“(I) Home is described During this subparagraph if this kind of home is utilized by a College being a high-quality arts Middle plus the Board of Trustees of these types of university authorized the sale-leaseback agreement with respect to these residence on March 7, 1984.
(iv) supplies a starting date along with a highest timeframe for which the deal may very well be in influence that does not exceed 156 months or 36 months from such starting date (such as renewals or solutions to increase),
This kind of lessee shall contain a securities agency that meets the necessities of subparagraph (A), apart from the lessee is obligated to lease the building less than a lease entered into on June 18, 1986.
(six) Experienced improvement property (A) Usually The phrase “certified advancement home” means any advancement made by the taxpayer to an inside portion of a making that's nonresidential genuine assets if these kinds of improvement is positioned in service following the day these kinds of setting up was 1st put in company.
“(iv) Distinctive applications utilized by specific vendors.— For uses of this subparagraph, any Specific equipment owned by a taxpayer described in subclause (I) of clause (i) that happen to be employed by a vendor solely for that production of ingredient elements available for purchase on the taxpayer shall be handled as automotive production assets employed directly by these kinds of taxpayer.
“(seven) If the ACRS deductions as well as the expenditure tax credit score are allowable to exactly the same taxpayer;
“(II) If an election below this subclause is built with respect to any property, the Modification made by clause (i) shall utilize to this sort of property whether placed in assistance on or just before September 27, 1985.”
“(B) The usa or an agency or instrumentality thereof has not provided an indemnification against the lack of all or maybe a part of the tax Rewards claimed under the lease or service deal.
“(G) Property is explained In this particular subparagraph if this sort of property is leased into a retirement community with respect to which— “(i) on January five, 1977, a certificate of incorporation was filed with the right authority with the state where the retirement community is found; and
R.C. 1954] rico168 which was filed before the date with the enactment of the Act [Sept. three, 1982] or to deny a credit for financial commitment in depreciable assets claimed by the lessee on such a return pursuant to an agreement With all the lessor that the lessor would not assert the credit history.”