“(W) A task is described On this subparagraph if it is a joint use and improvement task which include an built-in resort, convention center, Office environment, linked retail facilities and general public mass transportation terminal, and auto parking facilities which satisfies the next circumstances: “(i) is designed in just sure air Room rights and upon actual residence exchanged for this sort of joint use and improvement project which happens to be owned or acquired by a point out Division of transportation, a regional mass transit district in a very county with a population of at the very least 5,000,000 as well as a Neighborhood redevelopment agency;

shall represent prima facie evidence of the overall variety of all models of this sort of class of products created and generated in The usa in such period of time.

(2) Household rental or nonresidential true assets (A) Residential rental residence (i) Household rental property The time period “household rental house” usually means any constructing or composition if eighty p.c or even more from the gross rental earnings from these types of making or composition for the taxable calendar year is rental cash flow from dwelling units.

(iii) presents facts to this sort of supplier or supplier so that the provider or company can provide Electrical power use data to buyers electronically, and

(B) Wise electric meterFor purposes of subparagraph (A), the time period “wise electric powered meter” suggests any time-based meter and related conversation devices which is capable of being used from the taxpayer as Section of a program that— (i) steps and documents electrical energy utilization details on the time-differentiated basis in a minimum of 24 individual time segments each day,

“(i) Income from assets matter to America tax.—Clause (iii) of subparagraph (A) shall not implement with respect to any home if a lot more than 50 per cent of the gross profits for the taxable year derived from the overseas particular person or entity from using this sort of house is—

“(II) marketed and leased back again by such particular person inside three months after the day these house was initially placed in company,

This provision shall not apply to any price buy which, under the procedures in influence before the date in the enactment of the Act, expected a controlled general public utility to work with a technique of accounting with regard to the deduction allowable by part 167 which, less than portion 167(

“(B) Refunding.— “(i) On the whole.— Except as offered in clause (ii), in the situation of assets positioned in services soon after December 31, 1982 and that is financed via the proceeds of an obligation which is issued exclusively to refund Yet another obligation which was issued before July one, 1982, the amendments made by this part [amending this section] shall implement only with respect to The idea in these kinds of assets which has not been recovered ahead of the date these kinds of refunding obligation is issued.

“(4) The date on which the lessee sites the house in service, the date on which the lease starts and the expression of the lease;

“(e) Normalization Demands.— “(1) In general.— A normalization approach to accounting shall not be treated as getting used with respect to any public utility assets for uses of segment 167 or 168 of the Internal Earnings Code of 1986 If your taxpayer, in computing its price of company for ratemaking needs and reflecting running leads to its controlled guides of account, cuts down the surplus tax reserve a lot more rapidly or into a larger extent than this kind of reserve could be lessened beneath the normal rate assumption system.

“(B) the United States or an company or instrumentality thereof hasn't furnished an indemnification from rico168 the loss of all or even a portion of the tax Rewards claimed under the lease or service deal.

(3). Textual content examine as follows: “The phrase ‘cellulosic biofuel’ indicates any liquid gasoline and that is developed from any lignocellulosic or hemicellulosic make a difference that is accessible with a renewable or recurring basis.”

(B) Sort of election Any election under this paragraph shall be manufactured at this kind of time As well as in such sort and manner since the Secretary may prescribe.