“(ii) this sort of undertaking affects an present, somewhere around 40 acre general public mass transportation bus-way terminal facility Positioned adjacent to an interstate highway;
(D) An entity is associated with A further entity with regard to some transaction if this sort of transaction is a component of the attempt by these entities to stop the appliance of this subsection.
“(5) Specific principles for assets included in grasp programs of integrated initiatives.—The amendments made by section 201 shall not use to any property put in services pursuant to your master system that is Plainly identifiable as of March one, 1986, for just about any challenge described in any of the next subparagraphs of the paragraph: “(A) A venture is explained During this subparagraph if— “(i) the undertaking consists of manufacturing platforms for offshore drilling, oil and gasoline pipeline to shore, system and storage facilities, plus a maritime terminal, and
For reasons of this subparagraph, an aircraft is ‘produced’ at The purpose of its last assembly,
“(two) Terminal rental adjustment clause.— The term ‘terminal rental adjustment clause’ means a provision of an settlement which permits or needs the rental rate for being altered upward or downward by reference to the amount recognized through the lessor under the agreement upon sale or other disposition of this kind of property.
(vii) offers that The shopper does not have any lawful obligation for making many of the payments referred to in clause (ii) set forth beneath the deal, Which at the end of Every payment interval The shopper might possibly continue on to use The patron home by earning the payment for the next payment time period or return these residence for the lease-to-possess dealer in good working get, through which case The shopper won't incur any more obligations under the agreement and is not entitled to the return of any payments Formerly made beneath the contract, and
these types of home shall be taken care of as initially put in assistance not previously than the day on which this sort of property is utilised beneath the leaseback referred to in subclause (II).”
(B) Lease-to-own vendor The phrase “rent-to-possess seller” indicates a person that, during the everyday course of business, often enters into rent-to-have contracts with consumers for the use of client residence, if a substantial portion of Individuals contracts terminate along with the residence is returned to this kind of man or woman ahead of the receipt of all payments necessary to transfer possession with the house from this sort of person to The client.
“(ii) the marketing or partnership pursuits in these kinds of partnership was completed not later on than the 90th day once the date of the enactment of the Act [July eighteen, 1984] plus the aggregate amount of fascination in this kind of partnership bought won't exceed the most amount of money explained in clause (i).
(B) Treatment of lessor rico168 enhancements which can be deserted at termination of leaseAn advancement— (i) and that is produced by the lessor of leased home with the lessee of such property, and
“(iii) this sort of undertaking is made of an extensive system for meeting network ability demands as encompassed within just possibly: “(I) a November five, 1985, presentation manufactured to and acknowledged via the Chairman of the Board and also the president from the taxpayer, or
“(B) The us or an agency or instrumentality thereof has not offered an indemnification towards the loss of all or perhaps a portion of the tax Positive aspects claimed beneath the lease or support contract.
L. 99–514]. A taxpayer may perhaps elect (in this sort of kind and manner given that the Secretary on the Treasury may prescribe) to have this kind of amendments apply with regard to any residence put in service prior to this sort of date and to which this sort of portion so applies.”
(ii) a professional Stay theatrical creation shall be regarded as being placed in services at the time of the initial Dwell staged general performance.