“(D) Particular rule for greenville auditorium board.— For purposes of the paragraph, important Formal governmental action taken via the Greenville County Auditorium Board of Greenville, South Carolina, right before May perhaps 23, 1983, shall be addressed as substantial Formal governmental motion with regard on the coliseum facility subject into a binding deal to lease which was in effect on January one, 1985.
“(B) Sure inland river vessel.—The amendments created by part 201 shall not use to a venture involving the reconstruction of the inland river vessel docked within the Mississippi River at St.
“(five) Specific guidelines for assets included in learn designs of integrated initiatives.—The amendments created by section 201 shall not implement to any home put in support pursuant to a grasp plan and that is clearly identifiable as of March one, 1986, for any job described in any of the subsequent subparagraphs of this paragraph: “(A) A task is explained On this subparagraph if— “(i) the challenge requires output platforms for offshore drilling, oil and gas pipeline to shore, approach and storage amenities, along with a marine terminal, and
(iii) Treatment of successor companies Any Corporation which can be engaged in pursuits significantly similar to People engaged in by a predecessor organization shall do well to your therapy underneath this subparagraph of this kind of predecessor Firm.
(ii) 40 % of your aggregate bases of residence to which this portion applies placed in service through this sort of taxable yr,
(II) Only five-percent shareholders taken into account in the event of publicly traded stock For needs of subclause (I), in the situation of a corporation the inventory of that is publicly traded on a longtime securities market place, stock held by a tax-exempt entity shall not be taken under consideration Unless of course this kind of entity retains no less than 5 p.c (in price) of the inventory in such Company.
“(ii) the chief executive officer on the local governmental unit, in connection with the renovation of these types of developing, manufactured an software on June one, 1983, to some Condition agency for just a Federal historic preservation grant and created an application on June 17, 1983, to your Financial Development Administration of the United States Section of Commerce for your grant,
“(iii) the project is undertaken by a Maine corporation and requires the modernization of pulp and paper mills in Millinocket and/or East Millinocket, Maine, or
(B) to the 1st taxable yr for which a depreciation deduction might be allowable with regard to these assets in the fingers on the taxpayer, the house is adequately depreciated beneath the unit-of-production system or any technique of depreciation not expressed inside a phrase of many years (apart from the retirement-replacement-betterment technique or identical process).
“(7) Whether or not the ACRS deductions plus the financial commitment tax credit score are allowable to the same taxpayer;
(3) Exclusive guidelines for selected higher know-how gear (A) Exemption wherever lease term is 5 several years or less For functions of this part, the time period “tax-exempt use property” shall not contain any skilled technological equipment When the lease on the tax-exempt entity contains a lease term of five years or significantly less.
(A) to the sewage or sound squander disposal facility, an air or water pollution Command facility or even a facility that has been given an urban growth motion grant under area 119 of your Housing and Community Growth Act of 1974.
“(II) any attain recognized by a tax-exempt entity on any disposition of the desire in such entity (and any dividend or interest obtained or accrued by a tax-exempt entity from this sort of rico168 tax-exempt controlled entity) shall be handled as unrelated enterprise taxable cash flow for needs of area 511.
(D) Exception in which house Utilized in unrelated trade or small business The expression “tax-exempt use residence” shall not involve any percentage of a assets if these types of part is predominantly employed by the tax-exempt entity (specifically or by way of a partnership of which these kinds of entity is often a lover) in an unrelated trade or organization the revenue of which can be topic to tax below section 511.