“(W) A undertaking is described During this subparagraph whether it is a joint use and improvement project together with an integrated lodge, convention center, Business, relevant retail facilities and community mass transportation terminal, and vehicle parking amenities which satisfies the following situations: “(i) is made inside of specified air Place rights and upon true home exchanged for such joint use and development venture and that is owned or obtained by a state department of transportation, a regional mass transit district in the county which has a inhabitants of at the very least 5,000,000 and also a Group redevelopment company;
“(v) the challenge is a component of a facility to consolidate and modernize the silica creation of these Company as well as task was approved via the president of such corporation on August 19, 1985.
(5) Unique procedures for particular crops bearing fruits and nuts (A) In generalIn the case of any specified plant that's planted prior to January 1, 2027, or is grafted prior to such date to a plant which has currently been planted, because of the taxpayer inside the ordinary system from the taxpayer’s farming business enterprise (as defined in part 263A(e)(four)) for the duration of a taxable calendar year for which the taxpayer has elected the application of the paragraph— (i) a depreciation deduction equivalent to the applicable proportion of the adjusted basis of these types of specified plant shall be allowed beneath part 167(a) for the taxable yr through which such specified plant is so planted or grafted, and
the depreciation deduction furnished by segment 167(a) shall be decided underneath the alternative depreciation process.
“(two) Terminal rental adjustment clause.— The phrase ‘terminal rental adjustment clause’ implies a provision of an settlement which permits or involves the rental cost being modified upward or downward by reference to the amount recognized with the lessor under the settlement upon sale or other disposition of such assets.
No deduction for depreciation or amortization shall be allowed to these kinds of human being with respect to this kind of home,
“The amendments made by this portion [amending this part and sections 1400L and 1400N of this title] shall apply to assets positioned in support right after December 31, 2009, in taxable many years ending after these types of day.”
“(iii) the task is undertaken by a Maine corporation and involves 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 residence put in provider just after December 31, 1982 that is financed with the proceeds of an obligation that is issued entirely to refund A further obligation which was issued ahead of July one, 1982, the amendments produced by this portion [amending this portion] shall utilize only with regard to The premise in such property which has not been recovered ahead of the day these refunding obligation is issued.
“(B) this sort of lessee is obligated to lease the making below an settlement to lease entered into prior to September 26, 1985, and these home is provided for these developing, and
“(B) The amendments made by area 201 shall not implement to any project for rehabilitation of regional railroad rights of way and Homes including grade crossings which was authorized with the Board of Administrators of such business just before October 1985; and/or was modified, altered or enlarged due to termination of enterprise contracts, but approved by mentioned Board of Directors no later on than January 30, 1986, and that's in the general public fascination, and and that is subject rico168 matter to binding contracts or substantive commitments by December 31, 1987.
“(iv) the challenge, which entails the growth of the present service facility along with the addition of recent lab amenities required to accommodate topcoat and undercoat generation needs of a nearby automotive assembly plant, was authorized through the Company’s management committee on March 5, 1986, or
“(II) any gain recognized by a tax-exempt entity on any disposition of an interest in this kind of entity (and any dividend or curiosity acquired or accrued by a tax-exempt entity from these kinds of tax-exempt controlled entity) shall be dealt with as unrelated business enterprise taxable income for purposes of segment 511.
(B) Sort of election Any election below this paragraph shall be designed at this sort of time As well as in this kind of sort and manner since the Secretary may perhaps prescribe.