The Code of Federal Regulations of the United States of AmericaU.S. Government Printing Office, 1990 The Code of Federal Regulations is the codification of the general and permanent rules published in the Federal Register by the executive departments and agencies of the Federal Government. |
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Page 51
... placed in service as a result of the addition using data ob- tained under paragraph ( b ) ( 3 ) of this section . If the item will result in re- duction of oil or natural gas consump- tion by replacing an item which uses such an energy ...
... placed in service as a result of the addition using data ob- tained under paragraph ( b ) ( 3 ) of this section . If the item will result in re- duction of oil or natural gas consump- tion by replacing an item which uses such an energy ...
Page 119
... placed in service , a binding com- mitment ( e.g. , by contract , inducement resolution , or other means ) to make a housing credit allocation in the calen- dar year in which a qualified low- income building is placed in service or in a ...
... placed in service , a binding com- mitment ( e.g. , by contract , inducement resolution , or other means ) to make a housing credit allocation in the calen- dar year in which a qualified low- income building is placed in service or in a ...
Page 123
... placed in service before January 1 , 1991 . ( 3 ) Expiration of exception for tax- exempt bond financed projects . The exception to the requirement that a housing credit allocation be received with respect to any portion of the eli ...
... placed in service before January 1 , 1991 . ( 3 ) Expiration of exception for tax- exempt bond financed projects . The exception to the requirement that a housing credit allocation be received with respect to any portion of the eli ...
Page 124
... placed in service , or ( ii ) The date of the most recent non- qualified substantial improvement of the building , and ( 3 ) The building was not previously placed in service by the taxpayer , or by a person who was a related person ...
... placed in service , or ( ii ) The date of the most recent non- qualified substantial improvement of the building , and ( 3 ) The building was not previously placed in service by the taxpayer , or by a person who was a related person ...
Page 126
... placed in service and the date of the most recent ( if any ) nonqualified sub- stantial improvement of the building ( as defined in section 42 ( d ) ( 2 ) ( D ) ( i ) ) ; ( vi ) The taxpayer's certification that the building was not ...
... placed in service and the date of the most recent ( if any ) nonqualified sub- stantial improvement of the building ( as defined in section 42 ( d ) ( 2 ) ( D ) ( i ) ) ; ( vi ) The taxpayer's certification that the building was not ...
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Common terms and phrases
adjusted basis adjusted gross income amended amount applicable financial statement apply apportioned asset attributable book income building calendar capital gains carryback carryover Code computed cost credit allowed credit earned December 31 deduction depreciation determined earned income electing small business energy credit equipment estate or trust Example excess Federal filed film foreign tax credit graph gross income housing credit allocation income tax individual Internal Revenue Code itemized deductions items of tax January lease lessee limitation ment minimum tax mortgage credit certificate net book income operating loss paid or incurred partnership percent period placed in service portion progress expenditures purposes qualified investment qualified rehabilitation recomputed reduced relating renewable energy requirements research expenses respect section 38 property shareholder spect subdivision subparagraph taken into account tax imposed tax liability tax preference taxable income taxable year ending taxable years beginning taxpayer trade or business TRASOP treated United unused wages WIN expenses
Popular passages
Page 115 - ... (B) who Is a child of the taxpayer and who (1) has not attained the age of 19 at the close of the calendar year in which the taxable year of the taxpayer begins, or (11) Is a student.
Page 73 - Earned income" means wages, salaries, professional fees, and other amounts received as compensation for personal services actually rendered, but does not include any amount not included in gross income, nor that part of the compensation derived by the taxpayer for personal services rendered by him to a corporation which represents a distribution of earnings or profits rather than a reasonable allowance as compensation...
Page 377 - ... 50 percent of the total value of the shares of all classes of stock of another corporation, then such person (or persons) shall be treated as in control of such other corporation.
Page 438 - ... there shall then be included in computing the taxable income and credits of the grantor or the other person those items of income, deductions, and credits against tax of the trust which are attributable to that portion of the trust to the extent that such items would be taken into account under this chapter in computing taxable income or credits against the tax of an individual.
Page 9 - Joint return with his spouse under section 6013 for the taxable year beginning in the calendar year in which the taxable year of the taxpayer begins. (3) Child defined. For purposes of paragraph (1) (B), the term "child...
Page 255 - For purposes of this section, the terms "controlled group of corporations" and "component member" of a controlled group of corporations shall have the same meaning assigned to those terms in section 1563 (a) and (b), except that the phrase "more than 50 percent" shall be substituted for the phrase "at least 80 percent" each place it appears in section 1563(a)(1).
Page 244 - Is used by transients. (4) Property used by certain tax-exempt organizations. Property used by an organization (other than a cooperative described In section 521) which Is exempt from the tax Imposed by this chapter...
Page 424 - If an option to which this part applies is exercised after the death of the employee by the estate of the decedent, or by a person who acquired the right to exercise such option by bequest or inheritance or by reason of the death of the decedent...
Page 242 - States; (vi) Any property (other than a vessel or an aircraft) of a US person which is used for the purpose of exploring for, developing, removing, or transporting resources from the outer Continental Shelf (within the meaning of section 2 of the Outer Continental Shelf Lands Act, as amended and supplemented; 43 USC, sec. 1331).
Page 178 - The taxpayer's cost of service, for ratemaking purposes or in its regulated books of account, is reduced by more than a ratable portion of such credit...