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“(II) with respect to which a binding contract to incur considerable expenses for construction, reconstruction, or rehabilitation was entered into ahead of March two, 1986, and a few of these types of expenditures are incurred on or soon after these types of day, or“(v) the project is part of a facility to consolidate and modernize the silica creation of such corporation along with the challenge was accredited by the president of such Company on August 19, 1985.
“(D) A undertaking is explained in this subparagraph if— “(i) this sort of job is part of a flat rolled solution modernization system which was initially presented for the Board of Administrators with the taxpayer on July eight, 1983,
“(D) House is explained With this subparagraph if this kind of residence is leased to an educational establishment to be used as an Arts and Humanities Centre and with regard to which— “(i) in November 1982, an architect was engaged to design a prepared renovation;
(B) Sensible electrical meterFor needs of subparagraph (A), the expression “clever electric powered meter” suggests any time-centered meter and similar interaction machines which happens to be effective at getting used with the taxpayer as Section of a technique that— (i) actions and records energy utilization knowledge on the time-differentiated foundation in at least 24 different time segments a day,
For applications with the preceding sentence, any exclusion or exemption shall not make an application for functions of identifying the amount of the gross earnings so derived, but shall apply for purposes of determining the part of these gross profits subject matter to tax beneath this chapter.
(D) Deduction authorized in computing minimum tax For functions of identifying different least taxable money less than portion 55, the deduction beneath subsection (a) for skilled reuse and recycling assets shall be determined under this section with out regard to any adjustment below area 56.
“(R) A undertaking is explained in this subparagraph if— “(i) these kinds of challenge is actually a dragline obtained in reference to a three-stage system which started in 1980 to increase manufacturing from a coal mine,
“(two) The district director’s Business office with which the revenue tax returns of your lessor and lessee are submitted;
“(ii) which employs the home subject into the arrangement to manufacture and generate inside America a class of goods within an market with regard to which— “(I) the taxpayer generated under five per cent of the total range of units (or benefit) of these kinds of goods over the period of time covering the three newest taxable decades of the taxpayer ending prior to July 1, 1982, and
“(II) If an election below this subclause is built with respect to any residence, the amendment created by clause (i) shall utilize to these kinds of property whether put in support on or before September 27, 1985.”
(A) into a sewage or good waste disposal facility, an air or drinking water air pollution Handle facility or simply a facility which has gained an city improvement motion grant less than segment 119 with the Housing and Group Advancement Act of 1974.
For functions of the previous sentence, this kind of segment three(d) shall be utilized by dealing with the phrase “former Indian reservations in Oklahoma” as which include only lands which might be inside the jurisdictional space of the Oklahoma Indian tribe (as determined by the Secretary of the Interior) and they are acknowledged by these kinds of Secretary as qualified for trust land position less than 25 CFR Portion rico168 151 (as in effect on the date of the enactment of the sentence).
(B) Method of election Any election beneath this paragraph shall be made at these kinds of time As well as in this sort of variety and manner as being the Secretary might prescribe.