“(iii) in May 1983, the courtroom of best jurisdiction from the Point out wherein the school is situated fixed the zoning dispute in favor of the faculty.
this sort of home shall be handled as at first placed in services not earlier compared to the date of this kind of very last sale.
“(File) Residence is explained On this subparagraph if this kind of residence is really a fraternity house connected with a College with respect to which— “(i) in August 1982, the university retained attorneys to suggest the university regarding the rehabilitation of the residence;
(ii) a vast majority of the board of administrators of these Company just isn't picked by The us or any Point out or political subdivision thereof.
(3) Property to which straight line strategy appliesThe relevant depreciation method shall be the straight line approach in the situation of the subsequent property: (A) Nonresidential actual residence.
No deduction for depreciation or amortization shall be allowed to these person with respect to this sort of house,
these kinds of residence shall be treated as originally placed in services not earlier compared to date on which this sort of house is made use of underneath the leaseback referred to in subclause (II).”
This provision shall not implement to any rate purchase which, underneath the policies in outcome before the day on the enactment of the Act, necessary a regulated community utility to employ a way of accounting with respect on the deduction allowable by portion 167 which, beneath part 167(
(7) Denial of double gain Paragraph (1) shall not utilize rico168 to any experienced second era biofuel plant house with respect to which an election has actually been created under part 179C (referring to election to expenditure specific refineries).
For purposes of subclause (II), there shall only be taken into consideration dividends which might be properly allocable to earnings in the tax-exempt managed entity which wasn't subject matter to tax underneath this chapter.
exceeds $a hundred and fifty,000. For needs of subclause (II), in the situation of someone, there shall not be taken into consideration any arrangement of any personal that is a associated human being involving assets which can be used in a trade or enterprise of farming of these kinds of linked individual which can be different from your trade or company of farming in the lessee explained in subclause (II).
(A) to your sewage or good waste disposal facility, an air or drinking water air pollution control facility or simply a facility that has received an city development motion grant underneath portion 119 of the Housing and Community Improvement Act of 1974.
“(B) Course of products and solutions.—For applications of subparagraph (A)— “(i) the time period ‘course of solutions’ suggests any on the types selected and numbered for a ‘course of merchandise’ inside the 1977 Census of Makers compiled and revealed through the Secretary of Commerce under title thirteen of The usa Code, and
(D) Exception in which house Utilized in unrelated trade or small business The expression “tax-exempt use residence” shall not incorporate any part of a residence if these types of part is predominantly utilized by the tax-exempt entity (immediately or through a partnership of which this sort of entity can be a associate) in an unrelated trade or enterprise the revenue of which can be matter to tax below section 511.