Page:United States Statutes at Large Volume 102 Part 4.djvu/395

 PUBLIC LAW 100-647—NOV. 10, 1988

102 STAT. 3365

barrels per day which is expected to be completed by December 31, 1990, and "(H) a project in Ransom, Pennsylvania which will burn coal waste (known as 'culm') with an approximate cost of $64,000,000 and for which a certification from the Federal Energy Regulatory Commission was received on March 11, 1986. "(39) The amendments made by section 201 shall not apply to any facility for the manufacture of an improved particle board if a binding contract to purchase such equipment was executed March 3, 1986, such equipment will be placed in service by January 1, 1988, and such facility is located in or near Moncure, North Carolina." (27) Subsection (b) of section 204 of the Reform Act is amended 26 USC 168 note, by inserting "(as amended by the Tax Reform Act of 1984)" immediately before the period at the end thereof. (28) Subparagraph (A) of section 204(c)(l) of the Reform Act is Pennsylvania, amended by inserting "located in Pennsylvania and" before "constructed pursuant". (29) Paragraph (3) of section 204(c) of the Reform Act is amended— (A) by striking out "for the applicable date" and inserting in lieu thereof "(or, in the case of a project described in subparagraph (B), by substituting 'April 1, 1992') for the applicable date", (B) by striking out "before April 1, 1986" in subparagraph (A) and inserting in lieu thereof "on or before April 1, 1986", and (C) by adding at the end thereof the following: "In the case of an aircraft described in subparagraph (A), section 2030t))(l)(A) shall be applied by substituting 'April 1, 1986' for 'March 1, 1986' and section 49(e)(l)(B) of the Internal Revenue C!ode of 1986 shall not apply." (30XA) Paragraph (4) of section 204(c) of the Reform Act is amended by striking out all that precedes subparagraph (L) and inserting in lieu thereof the following: "(4) The amendments made by section 201 shall not apply to a limited amount of the following property or a limited amount of property set forth in a submission before September 16, 1986, by the following taxpayers: "(A) Arena project, Michigan, but only with respect to $78,000,000 of investments. "(B) Campbell Soup Company, Pennsylvania, California, North Carolina, Ohio, Maryland, Florida, Nebraska, Michigan, South Carolina, Texas, New Jersey, and Delaware, but only with respect to $9,329,000 of regular investment tax credits. "(C) The Southeast Overtown/Park West development, Florida, but only with respect to $200,000,000 of investments. "(D) Equipment placed in service and operated by Leggett and Piatt before July 1, 1987, but only with respect to $2,000,000 of regular investment tax credits, and subsections (c) and (d) of section 49 of the Internal Revenue Code of 1986 shall not apply to such equipment. "(E) East Bank Housing Project.

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