“(D) Specific rule for greenville auditorium board.— For functions of the paragraph, substantial official governmental motion taken through the Greenville County Auditorium Board of Greenville, South Carolina, before May possibly 23, 1983, shall be handled as substantial Formal governmental action with respect on the coliseum facility topic to a binding deal to lease which was in effect on January one, 1985.
(D) An entity is related to A further entity with regard to some transaction if such transaction is a component of an endeavor by this sort of entities to prevent the applying of this subsection.
(8) Rules The Secretary shall prescribe such regulations as could possibly be needed or proper to execute the applications of this subsection.
(iii) Treatment of successor businesses Any Group that is engaged in functions considerably similar to Individuals engaged in by a predecessor Corporation shall do well into the therapy less than this subparagraph of this sort of predecessor Group.
(B) Smart electric meterFor uses of subparagraph (A), the time period “good electric powered meter” usually means any time-centered meter and relevant communication equipment that is able to being used through the taxpayer as Portion of a technique that— (i) measures and records electrical power usage data with a time-differentiated foundation in at the least 24 independent time segments a day,
(iv) offers a starting day in addition to a maximum stretch of time for which the deal could be in influence that doesn't exceed 156 months or 36 months from these types of starting date (together with renewals or selections to increase),
“(ii) has pledged residence (but only towards the extent of the net truthful marketplace worth of the lessor’s fascination in this kind of residence), apart from home subject matter towards the arrangement or residence directly or indirectly financed by indebtedness secured by property topic to your agreement, as protection for,
This provision shall not apply to any fee order which, underneath the policies in effect prior to the date of your enactment of this Act, essential a regulated general public utility to utilize a approach to accounting with respect to the deduction allowable by area 167 which, underneath portion 167(
“(B) Refunding.— “(i) Generally speaking.— Besides as provided in clause (ii), in the situation of property positioned in support following December 31, 1982 which can be financed via the proceeds of an obligation that is issued only to refund another obligation which was issued prior to July 1, 1982, the amendments made by this segment [amending this section] shall implement only with respect to The premise in these property that has not been recovered prior to the date these kinds of refunding obligation is issued.
“(four) The date on which the lessee places the residence in services, the day on which the lease starts as well as phrase of your lease;
(seven) Election to implement choice depreciation process (A) On the whole In case the taxpayer can make an election below this paragraph with regard to any course of home for any taxable calendar year, the choice depreciation method under this subsection shall utilize to all house in this kind of course positioned in service during these taxable yr.
(II) that is with regard towards the house matter on the lease or considerably very rico168 similar property, and
For needs of analyzing regardless of whether property explained On this subparagraph is explained in subparagraph (A), this sort of property shall be taken care of as getting been acquired in the course of the time period referred to in subparagraph (A)(ii) if at the very least 20 per cent of the cost of such residence is paid during these kinds of period.
(ii) a professional Are living theatrical creation shall be regarded as being put in support at the time with the Preliminary Are living staged effectiveness.