“(II) deciding the quantity of any credit allowable under subpart A of portion IV of these subchapter.

(B) Allocation of bond proceeds For purposes of subparagraph (A), the proceeds of any obligation shall be taken care of as accustomed to finance property obtained in reference to the issuance of such obligation while in the purchase by which this kind of property is put in company.

“(ii) leased because of the taxpayer immediately after November one, 1983, if on or prior to these kinds of day the taxpayer entered right into a penned binding contract requiring the taxpayer to lease these types of property.

“(D) Property is explained On this subparagraph if these kinds of home is leased to an educational institution to be used as an Arts and Humanities Center and with regard to which— “(i) in November 1982, an architect was engaged to structure a prepared renovation;

“(10) For the lessor only: In case the lessor is usually a partnership or a grantor have faith in, the identify, handle, and taxpayer identifying variety of the associates or the beneficiaries, and the district director’s Place of work with which the money tax return of every partner or beneficiary is filed; and

“(ii) the quantity which might be the harmony in these kinds of reserve if the quantity of these reserve ended up based on assuming that the corporate charge reductions presented In this particular Act [see Tables for classification] have been in result for all prior intervals.

(ii) if the quantity allowable to be a deduction beneath this part with respect to these kinds of assets (respecting all elections created by the taxpayer under this section) differs from the quantity that may be allowable to be a deduction beneath segment 167 applying the strategy (including the interval, first and previous yr convention, and salvage value) utilized to compute regulated tax cost beneath clause (i), the taxpayer have to make changes to the reserve to reflect the deferral of taxes ensuing from these change.

“(E) Turbines and boilers.—Assets is explained Within this subparagraph if these property— “(i) can be a turbine or boiler of the cooperative organization engaged inside the furnishing of electrical Electrical power to persons in rural places, and

(II) if any part of the developing or framework is occupied by the taxpayer, the gross rental cash flow from such constructing or structure shall rico168 consist of the rental worth of the part so occupied.

“(B) these lessee is obligated to lease the constructing less than an arrangement to lease entered into right before September 26, 1985, and this sort of residence is presented for such constructing, and

(ii) any transaction concerning users of precisely the same affiliated team all through any taxable 12 months for which a consolidated return is created by these kinds of team.

“(Z) A venture is explained In this particular subparagraph if— “(i) this sort of venture will involve a fiber optic community of a minimum of 475 miles, passing through Minnesota and Wisconsin; and

“(G) Home is described With this subparagraph if such home is leased into a retirement Local community with regard to which— “(i) on January five, 1977, a certification of incorporation was submitted with the appropriate authority in the condition where the retirement Group is located; and

(ii) which can be irrevocably disposed of or deserted because of the lessor on the termination of the lease by these types of lessee,