“(ii) this sort of venture has an effect on an current, around 40 acre community mass transportation bus-way terminal facility located adjacent to an interstate freeway;
(B) the altered basis of this sort of house shall be reduced by the amount of this kind of deduction right before computing the quantity if not allowable being a depreciation deduction underneath this chapter for these kinds of taxable calendar year and any subsequent taxable calendar year.
“(five) Exclusive guidelines for assets A part of master plans of integrated initiatives.—The amendments created by portion 201 shall not use to any property positioned in services pursuant to the master system which is Plainly identifiable as of March 1, 1986, for almost any job explained in almost any of the subsequent subparagraphs of this paragraph: “(A) A challenge is explained On this subparagraph if— “(i) the venture consists of output platforms for offshore drilling, oil and fuel pipeline to shore, course of action and storage amenities, and also a maritime terminal, and
the depreciation deduction supplied by section 167(a) shall be determined less than the choice depreciation technique.
For functions in the previous sentence, any exclusion or exemption shall not submit an application for needs of figuring out the amount of the gross earnings so derived, but shall make an application for functions of determining the part of such gross profits topic to tax underneath this chapter.
(m) Distinctive allowance for particular reuse and recycling property (one) In generalIn the situation of any certified reuse and recycling house— (A) the depreciation deduction supplied by section 167(a) for that taxable calendar year wherein these types of assets is put in assistance shall include things like an allowance equal to 50 p.c of your modified basis of the certified reuse and recycling assets, and
“(B) with respect to wages for which the taxpayer claimed the advantages of section 45A of this sort of Code for the taxable year on a return filed just before March 18, 1997, but provided that such return was the initial return of tax submitted for this kind of taxable yr.”
“(E) Residence is described During this subparagraph if this kind of assets is utilized by a college being a dormitory, and— “(i) in Oct 1981, the college ordered the home having a perspective in direction of renovating the property;
No credit shall be allowable beneath part 38 of these types of Code with regard to any capable movie explained in clause (ii), except into the extent supplied in segment 48(k) of this sort of Code.
(iii) Transportation property For needs of the subparagraph, the time period “transportation property” means tangible personalized assets used in the trade or enterprise of transporting persons or home.
Any period specified in the previous sentence shall not use to any assets ordered in advance of (or the construction, rico168 reconstruction, or erection of which started before) the date of The chief get Unless of course the President decides an before date being in the public curiosity and specifies these types of date in the Executive buy.
the President might by Executive order offer for the application of paragraph (one)(D) to any posting or course of article content created or produced in such foreign nation for this kind of period as might be provided by such Govt buy.
“(1) Usually.— A normalization method of accounting shall not be dealt with as being used with respect to any general public utility property for uses of section 167 or 168 of The interior Profits Code of 1986 When the taxpayer, in computing its price of company for ratemaking reasons and reflecting functioning brings about its regulated publications of account, lessens the surplus tax reserve much more promptly or to a better extent than these reserve would be lowered underneath the standard price assumption approach.
(l) Specific allowance for next technology biofuel plant property (1) Further allowanceIn the case of any skilled next technology biofuel plant assets— (A) the depreciation deduction provided by segment 167(a) to the taxable yr where these types of property is placed in services shall consist of an allowance equal to 50 percent of the adjusted foundation of such property, and