“(II) with regard to which a binding contract to incur significant expenditures for construction, reconstruction, or rehabilitation was entered into just before March 2, 1986, and many of these expenses are incurred on or just after these date, or
shall constitute prima facie proof of the overall amount of all models of these class of merchandise produced and made in the United States in such interval.
For functions of this paragraph, all associates of the exact same affiliated team of organizations (throughout the meaning of section 1504 of the Internal Revenue Code of 1986) filing a consolidated return shall be treated as 1 taxpayer.
(ii) a vast majority with the board of directors of this kind of Company just isn't selected by The us or any State or political subdivision thereof.
(three) Property to which straight line strategy appliesThe relevant depreciation technique shall be the straight line strategy in the situation of the subsequent property: (A) Nonresidential true residence.
“(i) Profits from residence topic to United states of america tax.—Clause (iii) of subparagraph (A) shall not utilize with respect to any residence if in excess of fifty % on the gross earnings to the taxable 12 months derived with the overseas man or woman or entity from using this sort of house is—
(D) Remedy of certain taxable instrumentalitiesFor needs of the subsection, a company shall not be taken care of being an instrumentality of America or of any Point out or political subdivision thereof if— (i) most of the routines of these corporation are subject to tax under this chapter, and
“If, from the phrases of the applicable price purchase previous entered prior to the day with the enactment of this Act [Aug. thirteen, 1981] by a regulatory commission possessing suitable jurisdiction, a controlled public utility would (but for this provision) fail to meet the necessities of portion 168(e)(three) of The interior Income Code of 1986 [previously I.R.C. 1954] with respect to property for the reason that, for an accounting interval ending just after December 31, 1980, these community utility employed a way of accounting aside from a normalization means of accounting, these kinds of regulated general public utility shall not fail to satisfy such necessities if, because of the conditions of its 1st amount get analyzing cost of support with regard to these kinds of assets which becomes helpful after the day on the enactment of this Act and on or in advance of January 1, 1983, such controlled public utility rico168 takes advantage of a normalization way of accounting.
(seven) Coordination with nonrevenue laws Any reference On this subsection into a provision not contained With this title shall be addressed for purposes of this subsection as a reference to this sort of provision as in effect on the date from the enactment of this paragraph.
“(ii) which makes use of the home subject to the arrangement to manufacture and generate inside America a class of goods within an sector with respect to which— “(I) the taxpayer produced a lot less than 5 p.c of the whole quantity of models (or worth) of these types of solutions through the interval covering the a few most recent taxable decades in the taxpayer ending before July 1, 1982, and
(3) Specific rules for specified high technological know-how tools (A) Exemption where by lease term is 5 yrs or much less For needs of the section, the phrase “tax-exempt use residence” shall not include any experienced technological machines When the lease on the tax-exempt entity contains a lease term of 5 a long time or considerably less.
“(ii) Considerable expenses.— In the case of facilities the initial usage of which commences Along with the taxpayer and with respect to which significant expenses are made right before January one, 1983, the amendments made by this area shall not implement with respect to these facilities to your extent this kind of services are financed by the proceeds of an obligation issued exclusively to refund A further obligation which was issued just before July one, 1982.
(three). Text examine as follows: “The phrase ‘cellulosic biofuel’ means any liquid gas that is produced from any lignocellulosic or hemicellulosic subject that is obtainable with a renewable or recurring basis.”
(B) Form of election Any election beneath this paragraph shall be built at these kinds of time As well as in such kind and way as the Secretary may possibly prescribe.