if the charges for this kind of furnishing or sale, as the case may be, have already been founded or approved by a Point out or political subdivision thereof, by any agency or instrumentality of America, or by a public services or general public utility commission or other identical overall body of any State or political subdivision thereof.
(ii) less than 50 p.c of The idea of these types of house is attributable to benefit additional in just The us.
(8) Rules The Secretary shall prescribe this kind of regulations as may be essential or proper to perform the needs of this subsection.
(ii) Use of inconsistent estimates and projections The strategies and changes which might be to become treated as inconsistent for needs of clause (i) shall contain any treatment or adjustment for ratemaking purposes which employs an estimate or projection with the taxpayer’s tax cost, depreciation cost, or reserve for deferred taxes beneath subparagraph (A)(ii) unless these estimate or projection is usually made use of, for ratemaking purposes, with respect to one other two these types of items and with regard to the speed foundation.
For uses in the previous sentence, any exclusion or exemption shall not make an application for functions of determining the quantity of the gross earnings so derived, but shall submit an application for functions of pinpointing the part of such gross cash flow subject to tax beneath this chapter.
“(I) to generally be created higher than a public railroad station utilized because of the national railroad passenger corporation and commuter railroads serving two States; and
For applications in the previous sentence, property shall not be taken care of as obtained after the date on which a published binding deal is entered into for this kind of acquisition.
“(E) A project is explained in this subparagraph Should the project is remaining completed by an organization engaged from the production of paint, chemical compounds, fiberglass, and glass, and when— “(i) the venture includes a manufacturing line which applies a skinny coating to glass while in the manufacture of Electrical power successful household items, if accepted by the administration committee in the Company on January 29, 1986,
“(ii) the amount which would be the harmony in such reserve if the quantity of such reserve were being based on assuming that the company amount reductions provided Within this Act [see Tables for classification] were in outcome for all prior intervals.
the taxpayer will likely be taken care of as using a normalization approach to accounting if, with respect to such jurisdiction, the taxpayer uses the choice process for general public utility residence that may be subject matter to your regulatory authority of that jurisdiction.
“(B) The amendments created by portion 201 shall not apply to any undertaking for rehabilitation of regional railroad legal rights of way and Attributes such as quality crossings which was licensed by the Board of Directors of this sort of corporation rico168 prior to October 1985; and/or was modified, altered or enlarged as a result of termination of organization contracts, but accredited by reported Board of Administrators no afterwards than January thirty, 1986, and which happens to be in the general public desire, and which is subject to binding contracts or substantive commitments by December 31, 1987.
Along with the exceptions contained in this kind of subparagraph (B), there shall be excepted any satellite or other spacecraft (or any fascination therein) held by a U . s . person if this kind of satellite or spacecraft was launched from within the United States.”
This kind of phrase also includes a provision of an arrangement which needs a lessee that is a seller in motor motor vehicles to purchase the motor vehicle to get a predetermined price tag after which you can resell such car in which these kinds of provision achieves considerably precisely the same effects for a provision explained while in the preceding sentence.
“(II) will include things like the reconstruction of these station so as to make it a far more productive transportation Middle and to raised integrate the station with the development higher than, these reconstruction options for being ready in cooperation which has a Condition transportation authority.