“(D) such property is a component of a wastewater remedy facility (located in Cameron County, Texas, inside of a single mile of the City of Harlingen), an application for a wastewater discharge permit was filed with respect to these types of facility on December four, 1985, plus a City Fee accredited a letter of intent referring to a services settlement with respect to such facility on August seven, 1986; or even a wastewater facility (situated in Harlingen, Texas) and that is a matter of this kind of letter of intent and repair settlement and the design of which was contracted for in a letter of intent dated January 23, 1986.
“(v) the venture is an element of a facility to consolidate and modernize the silica manufacture of this sort of Company as well as the project was permitted through the president of these types of corporation on August 19, 1985.
II substituted “the interval equivalent on the recovery period identified with regard to these kinds of home below subsection (i)(two)” for “one hundred fifty % of the existing class lifetime of these house”.
(E) any container of a U.s. person and that is Employed in the transportation of home to and from the United States;
“(I) Assets is explained During this subparagraph if such property is employed by a College for a high-quality arts Heart plus the Board of Trustees of these university authorized the sale-leaseback agreement with regard to these residence on March 7, 1984.
(m) Distinctive allowance for sure reuse and recycling assets (1) In generalIn the situation of any skilled reuse and recycling residence— (A) the depreciation deduction supplied by area 167(a) with the taxable calendar year wherein this kind of home is put in assistance shall involve an allowance equivalent to fifty % in the adjusted foundation in the certified reuse and recycling assets, and
For reasons with the previous sentence, home shall not be dealt with as obtained once the day on which a written binding contract is entered into for these kinds of acquisition.
“If, by the conditions of your relevant amount buy very last entered prior to the date from the enactment of this Act [Aug. thirteen, 1981] by a regulatory Fee acquiring ideal jurisdiction, a regulated public utility would (but for this provision) are unsuccessful to fulfill the requirements of segment 168(e)(3) of The inner Income Code of 1986 [formerly I.R.C. 1954] with regard to residence mainly because, for an accounting period of time ending soon after December 31, 1980, this sort of community utility used a approach to accounting in addition to a normalization way of accounting, such regulated general public utility shall not fail to meet these requirements if, because rico168 of the conditions of its first price get deciding cost of service with regard to this sort of residence which turns into successful after the day with the enactment of this Act and on or just before January one, 1983, these kinds of regulated community utility utilizes a normalization technique of accounting.
(seven) Coordination with nonrevenue laws Any reference During this subsection to a provision not contained Within this title shall be treated for functions of the subsection like a reference to these kinds of provision as in effect on the date on the enactment of the paragraph.
(eighteen) Competent sensible electric powered meters (A) In generalThe time period “qualified wise electrical meter” suggests any good electric powered meter which— (i) is put in services by a taxpayer who is a supplier of electric Power or possibly a company of electrical Electricity services, and
(H) which experienced supplied for Specific procedures for home positioned in assistance prior to specified percentages took outcome.
(5) Variations in use The Secretary shall, by restrictions, offer for the strategy of pinpointing the deduction allowable below part 167(a) with regard to any tangible home for almost any taxable calendar year (and also the succeeding taxable yrs) during which these kinds of assets modifications status beneath this part but proceeds to become held by precisely the same human being.
“(ii) the contract value for these kinds of models and machines signifies a minimum of 50 % of the whole price of these kinds of task.
R.C. 1954] which was filed before the day from the enactment of this Act [Sept. three, 1982] or to deny a credit score for expenditure in depreciable home claimed because of the lessee on such a return pursuant to an agreement with the lessor the lessor wouldn't claim the credit score.”