“(iii) in May well 1983, the court docket of greatest jurisdiction within the State by which the college is located settled the zoning dispute in favor of the school.
(B) Allocation of bond proceeds For purposes of subparagraph (A), the proceeds of any obligation shall be dealt with as used to finance house acquired in connection with the issuance of such obligation inside the buy by which this kind of house is put in services.
“(five) Specific guidelines for assets included in learn programs of integrated jobs.—The amendments created by portion 201 shall not apply to any house positioned in support pursuant to your grasp prepare and that is Plainly identifiable as of March one, 1986, for just about any project described in any of the following subparagraphs of this paragraph: “(A) A venture is described With this subparagraph if— “(i) the undertaking includes generation platforms for offshore drilling, oil and gas pipeline to shore, system and storage facilities, and also a maritime terminal, and
(ii) offers to the Trade of data between provider or supplier and The client’s electric meter in support of time-centered costs or other forms of demand from customers reaction,
For uses of the paragraph the phrase ‘certified individual’ suggests any person who transfers his rights in this type of agreement or these types of property for the taxpayer, but only if such home is just not positioned in assistance by these types of person prior to this sort of rights are transferred for the taxpayer.
(II) Only 5-percent shareholders taken into consideration in case of publicly traded stock For functions of subclause (I), in the situation of a company the inventory of and that is publicly traded on an established securities sector, stock held by a tax-exempt entity shall not be taken under consideration Except if this kind of entity retains at the very least five percent (in price) from the inventory in such corporation.
“The amendments made by this segment [amending this segment and sections 1400L and 1400N of the title] shall implement to home put in company after December 31, 2009, in taxable decades ending right after this kind of date.”
“(iii) the undertaking is undertaken by a Maine corporation and includes the modernization of pulp and paper mills in Millinocket and/or East Millinocket, Maine, or
“(B) Refunding.— “(i) In general.— Besides as offered in clause (ii), in the case of house placed in company following December 31, 1982 which can be financed through the proceeds of an obligation that is issued only to refund A further obligation which was issued in advance of July one, 1982, the amendments produced by this segment [amending this portion] shall implement only with regard to The premise in these types of residence that has not been recovered prior to the date these refunding obligation is issued.
“(ii) which works by using the home matter to the agreement to manufacture and make within The us a class of products within an sector with respect to which— “(I) the taxpayer manufactured a lot less than 5 percent of the full variety of units (or benefit) of this sort of goods during the period of time covering the a few most recent taxable decades on the taxpayer ending prior to July one, 1982, and
“(B) Average fee assumption method.—The typical fee assumption process is the method below which the excess while in the reserve for deferred taxes is lessened over the remaining lives in the residence as Employed in its controlled books of account which gave rise towards the reserve for deferred taxes.
(3) Unique rule wherever considerable residence positioned in rico168 services during past 3 months of taxable year (A) In generalExcept as furnished in laws, if all through any taxable 12 months— (i) the aggregate bases of house to which this segment applies put in support throughout the past 3 months with the taxable year, exceed
“(III) with regard to which the adjusted basis of your lessor isn't going to exceed the altered basis with the lessee at time with the lease, or
“(I) A task is explained in this subparagraph if it requires not in excess of two all-natural gas-fired blended cycle electric powered building models Every getting a Internet electrical ability of close to 233 megawatts, along with a gross sales agreement for roughly just one-fifty percent of your output with the 1st unit was entered into in December 1985.