“(W) A venture is explained Within this subparagraph if it is a joint use and development undertaking including an integrated resort, Conference center, Business office, linked retail facilities and community mass transportation terminal, and automobile parking amenities which satisfies the next circumstances: “(i) is produced within just specified air space rights and on serious property exchanged for these kinds of joint use and development venture that's owned or acquired by a condition Section of transportation, a regional mass transit district inside a county by using a inhabitants of no less than 5,000,000 along with a Local community redevelopment company;
(ii) Acquisition requirementsAn acquisition of assets satisfies the necessities of the clause if— (I) these kinds of property was not employed by the taxpayer Anytime prior to these kinds of acquisition, and
“(G) A challenge is explained With this subparagraph if— “(i) the undertaking is actually a newspaper printing and distribution plant project with regard to which a contract for the acquisition of 8 printing push units and relevant tools to become installed in one press line was entered into on January eight, 1985, and
(ii) presents for your Trade of knowledge between provider or service provider and the customer’s electric meter in support of your time-dependent rates or other forms of desire response,
“(I) Assets is explained With this subparagraph if these kinds of residence is used by a College as being a fantastic arts Centre along with the Board of Trustees of this kind of College approved the sale-leaseback settlement with respect to these types of house on March 7, 1984.
(m) Exclusive allowance for sure reuse and recycling residence (1) In generalIn the situation of any certified reuse and recycling home— (A) the depreciation deduction provided by portion 167(a) with the taxable 12 months by which these assets is placed in provider shall contain an allowance equal to fifty percent in the altered foundation on the experienced reuse and recycling property, and
(D) Deduction authorized in computing least tax For reasons of analyzing substitute minimum taxable money below segment 55, the deduction below subsection (a) for competent reuse and recycling assets shall be decided under this section without having regard to any adjustment beneath area 56.
The benefit of deductions by rationale in the previous sentence shall be allowed to estates and trusts in a similar method as in the situation of somebody. The allowable deduction shall be apportioned among the income beneficiaries plus the fiduciary in accordance with regulations prescribed underneath section 642(f).”
“(2) The district director’s Office environment with which the income tax returns from the lessor and lessee are filed;
(18) Skilled smart electric meters (A) In generalThe expression “capable intelligent electrical meter” suggests any good electric meter which— (i) is placed in support by a taxpayer that is a provider of electric powered Electrical power or perhaps a supplier of electrical Strength expert services, and
“(B) The amendments produced by section 201 shall not use to any task for rehabilitation of regional railroad legal rights of way and Attributes such as grade crossings which was approved with the Board of Administrators of these types of company before October 1985; and/or was modified, altered or enlarged because of termination of organization contracts, but permitted by reported Board of Administrators no afterwards than January thirty, 1986, and which happens to be in the general public fascination, and that's subject matter to binding contracts or substantive commitments by December 31, 1987.
“(B) the United States or an company or instrumentality thereof hasn't furnished an indemnification from the loss of all or possibly a portion of the tax Advantages claimed under the lease or service agreement.
L. ninety nine–514]. A taxpayer may elect (in this kind of type and manner as the Secretary from the Treasury might prescribe) to possess this sort of amendments apply with regard rico168 to any assets put in assistance in advance of these date and to which such portion so applies.”
(B) Kind of election Any election under this paragraph shall be manufactured at such time and in these types of kind and fashion because the Secretary may well prescribe.