“(iii) in May well 1983, the court docket of maximum jurisdiction while in the Condition through which the college is found settled the zoning dispute in favor of the college.
(D) An entity is related to A different entity with respect to some transaction if these kinds of transaction is part of the try by this sort of entities to prevent the applying of the subsection.
For needs of the paragraph, all customers of the same affiliated group of corporations (inside the indicating of part 1504 of The interior Revenue Code of 1986) filing a consolidated return shall be treated as 1 taxpayer.
“(Y) A job is explained in this subparagraph if this kind of undertaking passes by way of at least 9 States and entails an intercity conversation url (which include various repeater web pages and junction stations for microwave transmissions and amplifiers for fiber optics); the link from Buffalo to New York/Elizabeth was completed in 1984; the link from Buffalo to Chicago was completed in 1985; and the hyperlink from New York to Washington is done in 1986.
“(I) Property is described Within this subparagraph if this sort of house is employed by a College as a fine arts center and the Board of Trustees of such College approved the sale-leaseback arrangement with respect to this kind of property on March seven, 1984.
No deduction for depreciation or amortization shall be allowed to these human being with respect to this sort of house,
These lessee shall involve a securities business that satisfies the necessities of subparagraph (A), other than the lessee is obligated to lease the constructing beneath a lease entered into on June 18, 1986.
“(B) these contract more obligated the customer to acquire beverage containers for yet another 5-yr time period if Bodily signs of development with the plant are existing right before September 1986,
No credit rating shall rico168 be allowable underneath portion 38 of this kind of Code with respect to any competent film described in clause (ii), besides on the extent delivered in portion forty eight(k) of such Code.
“(7) Whether or not the ACRS deductions plus the expenditure tax credit score are allowable to exactly the same taxpayer;
and such residence is leased back again from the taxpayer to such human being, or is leased to these kinds of individual, not afterwards than the earlier of the relevant date underneath paragraph (2) or perhaps the day which happens to be 3 months just after these kinds of home was put in support.
“(iv) the project, which requires the enlargement of the existing provider facility as well as addition of new lab services wanted to support topcoat and undercoat production wants of a close-by automotive assembly plant, was authorised from the corporation’s management committee on March 5, 1986, or
“(III) with respect to which the altered basis on the lessor doesn't exceed the modified foundation in the lessee at some time from the lease, or
For uses of the paragraph, the term ‘experienced human being’ indicates any person whose rights in such a contract or these kinds of residence are transferred towards the taxpayer, but only if these assets is just not put in service ahead of these legal rights are transferred to the taxpayer.