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(III) is positioned in service in connection with the taxpayer’s Lively perform of the trade or business enterprise inside an Indian reservation.

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“(F) The development of A 3-story Office environment building that can function the house Place of work for an coverage group and its affiliated organizations, with regard to which a town agreed to transfer its possession of the land for your task in a very Redevelopment Settlement executed on September 18, 1985, as soon as specified ailments are achieved.

R.C. 1954] which was filed prior to the day of the enactment of this Act [Sept. three, 1982] or to deny a credit for investment decision in depreciable house claimed via the lessee on such a return pursuant to an agreement Together with the lessor which the lessor wouldn't assert the credit.”

No deduction for depreciation or amortization shall be allowed to this kind of individual with respect to these property,

Notwithstanding the preceding sentence, in the situation of nonresidential authentic residence or residential rental property, such election may be made independently with regard to each property.

“(II) four or fewer United states of america individuals (such as as one person an affiliated team as described in part 1504(a)) aside from the taxpayer produced 85 p.c or maybe more of the whole quantity of all models (or benefit) in this sort of class of solutions made and developed in The us throughout such interval.

“(O) A undertaking is described In this particular subparagraph if— “(i) the task consists of the generation and transportation of oil and fuel from the very well Found north of your Arctic Circle, website and

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(G) any property and that is owned by a domestic corporation or by a United states of america citizen (other than a citizen entitled to the many benefits of part 931 or 933) and that's utilized predominantly inside of a possession of The usa by this sort of a company or such a citizen, or by an organization designed or organized in, or underneath the legislation of, a possession of The us;

(19) Capable sensible electric grid systems (A) In generalThe time period “experienced wise electric grid procedure” suggests any sensible grid property which— (i) is made use of as Section of a program for electric powered distribution grid communications, checking, and management put in support by a taxpayer who is a provider of electric Electrical power or possibly a provider of electric powered Vitality services, and

then, for reasons of applying the income rules of The usa in regard to these arrangement, the part of the house allocable to companions (or beneficiaries) not described in clause (iii) shall be handled as though it had been topic to some separate agreement and the portion of such property allocable to the partner or beneficiary described in clause (iii) shall be addressed just as if it were being issue to your independent arrangement.

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