“(iii) in May 1983, the court docket of highest jurisdiction in the Point out by which the faculty is situated resolved the zoning dispute in favor of the college.
“(B) Specified inland river vessel.—The amendments produced by section 201 shall not utilize to the challenge involving the reconstruction of an inland river vessel docked to the Mississippi River at St.
“(five) Exclusive procedures for residence included in master designs of integrated projects.—The amendments created by segment 201 shall not utilize to any house positioned in service pursuant into a learn system which happens to be Plainly identifiable as of March 1, 1986, for almost any project described in any of the next subparagraphs of the paragraph: “(A) A venture is described With this subparagraph if— “(i) the venture requires output platforms for offshore drilling, oil and gasoline pipeline to shore, system and storage facilities, plus a maritime terminal, and
Notwithstanding subsection (i)(3)(A)(i), in figuring out a lease expression for functions in the preceding sentence, there shall not be taken into account any selection with the lessee to renew at the truthful marketplace worth rent identified at enough time of renewal; besides that the combination time period not taken into account by rationale of the sentence shall not exceed 24 months.
“(seven) Specified leasehold improvements.—The amendments produced by segment 201 shall not utilize to any acceptable leasehold improvements, machines and furnishings positioned in service by a lessee or its affiliates if— “(A) the lessee or an affiliate is the first lessee of each setting up through which this kind of assets is to be used,
(B) Exception for certain property issue to U . s . tax and utilized by overseas human being or entityClause (iii) of subparagraph (A) shall not implement with respect to any assets if much more than fifty percent of the gross money to the taxable 12 months derived from the international person or entity from the usage of this sort of residence is— (i) subject to tax underneath this chapter, or
“(B) with respect to wages for which the taxpayer claimed the benefits of segment 45A of these Code for a taxable year on the return submitted right before March eighteen, 1997, but only if this kind of return was the primary return of tax submitted for these types of taxable calendar year.”
“(E) House is explained in this subparagraph if these kinds of property is utilized by a faculty as a dormitory, and— “(i) in October 1981, the faculty bought the assets that has a view toward renovating the home;
(seven) Denial of double gain Paragraph (one) shall not apply to any certified 2nd technology biofuel plant home with regard to which an election is made below area 179C (referring to election to cost selected refineries).
“(B) such lessee is obligated to lease the making below an settlement to lease entered into just before September 26, 1985, and such house is delivered for these kinds of building, and
exceeds $one hundred fifty,000. For functions of subclause (II), in the case of an individual, there shall not be taken into consideration any arrangement of any person that's a linked man or woman involving home that's used in a trade or small business of farming of this sort of linked individual which is separate with the trade or company of farming with the lessee described in subclause (II).
(II) any get identified by rico168 a tax-exempt entity on any disposition of an desire in this kind of entity (and any dividend or curiosity gained or accrued by a tax-exempt entity from these tax-exempt controlled entity) shall be dealt with as unrelated small business taxable earnings for purposes of section 511.
L. ninety nine–514]. A taxpayer may perhaps elect (in this kind of kind and method since the Secretary of your Treasury may prescribe) to possess these kinds of amendments implement with respect to any home placed in support just before this sort of date and to which this sort of area so applies.”
“(F) The construction of a three-story Workplace creating that may function the home Business office for an coverage team and its affiliated corporations, with regard to which a metropolis agreed to transfer its ownership of the land for the project in a Redevelopment Settlement executed on September eighteen, 1985, after specified problems are satisfied.