“(iii) in Could 1983, the courtroom of best jurisdiction during the Point out during which the faculty is found solved the zoning dispute in favor of the school.
(19) Competent wise electric grid methods (A) In generalThe time period “certified wise electric powered grid system” means any smart grid home which— (i) is utilised as Element of a method for electric distribution grid communications, monitoring, and management placed in support by a taxpayer who's a supplier of electric Vitality or possibly a supplier of electrical Electricity expert services, and
II substituted “the period equivalent to the recovery time period decided with regard to these types of property underneath subsection (i)(2)” for “150 % from the present course life of these kinds of assets”.
(ii) a majority of the board of directors of these kinds of Company isn't picked by The us or any State or political subdivision thereof.
(ii) any horse besides a race horse which happens to be a lot more than 12 yrs outdated at time it is actually placed in provider, and
(five) Real estate rentals For reasons of the subsection, the rental to others of actual house Found within an Indian reservation shall be taken care of as being the Lively perform of the trade or business inside an Indian reservation.
these types of property shall be treated as originally placed in services not earlier as opposed to day on which such home is employed under the leaseback referred to in subclause (II).”
(ii) of the United States individual (in addition to a corporation explained in clause (i)) but provided that the rolling inventory is not really leased to a number of overseas people for periods aggregating over twelve months in any 24-thirty day period period of time;
“(F) A venture is described In this particular subparagraph whether it is a sports activities and enjoyment facility which— “(i) is to be used by equally a National Hockey League workforce as well as a Nationwide Basketball Affiliation group;
For needs of subclause (II), there shall only be taken into account dividends that are thoroughly allocable to earnings in the tax-exempt managed entity which wasn't subject matter to tax under this chapter.
then, for functions of implementing the revenue regulations of The usa in regard to these arrangement, the part of the residence allocable to companions (or beneficiaries) not described in clause (iii) shall be handled as though it were being subject matter into a different agreement as well as the part of these kinds of residence allocable towards the husband or wife or beneficiary described in clause (iii) shall be handled just as if it were matter to the individual agreement.
“(Z) A project is described With this subparagraph if— “(i) these job involves a fiber optic community of at least 475 miles, passing through Minnesota and Wisconsin; and
“(1) On the whole.— A normalization method of accounting shall not be dealt with as being used with regard to any general public utility residence for purposes of segment 167 or 168 of The inner Revenue Code of 1986 In case the taxpayer, in computing its expense of company for ratemaking reasons and reflecting operating leads to its regulated books of account, decreases the excess tax reserve a lot more promptly or to the greater extent than this sort of reserve can be decreased beneath the common charge assumption system.
R.C. 1954] which was filed ahead of the day from the enactment of the Act [Sept. three, 1982] or to deny a credit for financial commitment in depreciable property claimed because of the lessee on such a return pursuant to an agreement While using rico168 the lessor that the lessor would not claim the credit.”