“(ii) these types of challenge impacts an present, somewhere around 40 acre general public mass transportation bus-way terminal facility Found adjacent to an interstate highway;
(D) An entity is associated with An additional entity with regard into a transaction if such transaction is an element of an endeavor by these types of entities to stop the application of the subsection.
“(five) Specific regulations for home A part of grasp programs of built-in projects.—The amendments produced by area 201 shall not utilize to any house put in services pursuant to the master system which can be Evidently identifiable as of March 1, 1986, for any job described in almost any of the following subparagraphs of this paragraph: “(A) A task is explained Within this subparagraph if— “(i) the venture consists of production platforms for offshore drilling, oil and gasoline pipeline to shore, system and storage facilities, along with a marine terminal, and
For reasons of the subparagraph, an aircraft is ‘produced’ at The purpose of its ultimate assembly,
(B) the original use of which commences Together with the taxpayer following the date of the enactment of this subsection,
(five) Real-estate rentals For applications of the subsection, the rental to Other people of real home Situated within just an Indian reservation shall be addressed as the active perform of the trade or business inside an Indian reservation.
Under such technique, during the period of time during which the timing distinctions for the residence reverse, the amount of the adjustment to the reserve with the deferred taxes is calculated by multiplying— “(i) the ratio on the combination deferred taxes with the residence towards the combination timing variances for the residence as of the beginning with the period in concern, by
“(E) Turbines and boilers.—Home is described On this subparagraph if these types of home— “(i) can be a turbine or boiler of a cooperative Group engaged in the furnishing of electrical Power to people in rural parts, and
“(File) A challenge is explained in this subparagraph if it is a athletics and enjoyment facility which— “(i) is to be used by both a National Hockey League group along with a National Basketball Affiliation workforce;
the taxpayer might be dealt with as utilizing a normalization way of accounting if, with respect to these kinds of jurisdiction, the taxpayer works by using the alternative strategy for community utility house that is certainly matter for the regulatory authority of that jurisdiction.
“(B) Average charge assumption process.—The typical amount assumption technique is the strategy underneath which the surplus within the reserve for deferred taxes is lowered about the remaining life of the home as Utilized in its regulated textbooks of account which gave rico168 rise to the reserve for deferred taxes.
(five) Improvements in use The Secretary shall, by rules, provide for the strategy of analyzing the deduction allowable beneath portion 167(a) with regard to any tangible home for almost any taxable calendar year (and the succeeding taxable several years) all through which such property modifications status less than this portion but proceeds to generally be held by exactly the same individual.
(three). Text study as follows: “The time period ‘cellulosic biofuel’ usually means any liquid gas which can be made from any lignocellulosic or hemicellulosic make a difference that is accessible with a renewable or recurring basis.”
(D) Exception where by house Employed in unrelated trade or business The term “tax-exempt use home” shall not incorporate any part of a house if these part is predominantly used by the tax-exempt entity (straight or via a partnership of which these types of entity is usually a partner) within an unrelated trade or business enterprise the money of which is subject to tax below area 511.