Page:United States Statutes at Large Volume 94 Part 1.djvu/314

 94 STAT. 264

PUBLIC LAW 96-223—APR. 2, 1980 "(E) INDUSTRIAL INCLUDES PURIFICATION AND DESALINIZA-

TiON OF WATER.—The term 'industrial' includes the purification of water and the desalinization of water." (g) BiOMASS PROPERTY.—

26 USC 48.

(1) IN GENERAL.—Subsection (1) of section 48 (relating to energy property) is amended by adding at the end thereof the following new paragraph: "(15) BiOMASS PROPERTY.—

"(A) IN GENERAL.—The term 'biomass property' means— "(i) any property described in clause (i), (ii), or (iii) of paragraph (3)(A), as modified by the last sentence of paragraph (3)(A) and by subparagraph (B) of this paragraph, and "(ii) any equipment described in so much of clause (vi) or (vii) of paragraph (3)(A) as relates to property described in clause (i) of this subparagraph. "(B) MODIFICATIONS.—For purposes of subparagraph (A)— "(i) the term 'alternate substance' has the meaning given to such term by paragraph (3)(B), except that such term does not include any inorganic substance and does not include coal (including lignite) or any product of such coal, and "(ii) clause (iii) of paragraph (3)(A) shall be applied by substituting 'a qualified fuel' for 'a synthetic liquid, gaseous, or solid fuel'. "(C) QUALIFIED FUEL.—For purposes of subparagraph (B), the term 'qualified fuel' means— "(i) any S5nithetic solid fuel, and "(ii) alcohol for fuel purposes if the primary source of energy for the facility producing the alcohol is not oil or natural gas or a product of oil or natural gas." (2) STORAGE OF FUEL DERIVED FROM GARBAGE.—Subparagraph

Ante, p. 261.

(A) of Section 48(1)(3) (defining alternative energy property) is amended by adding at the end thereof the following new sentence: "The equipment described in clause (vii) includes equipment used for the storage of fuel derived from garbage at the site at which such fuel was produced from garbage." (h) QUALIFIED INTERCITY BUSES.—Subsection (1) of section 48 (relating to energy property) is amended by adding at the end thereof the following new paragraph: "(16) QUALIFIED INTERCITY BUSES.—

26 USC 4063. 26 USC 4061.

"(A) IN GENERAL.—Paragraph (2)(A)(ix) shall apply only with respect to the qualified investment in qualified intercity buses of a taxpayer— "(i) which is a common carrier regulated by the Interstate Commerce Commission or an appropriate State agency (as determined by the Secretary), and "(ii) which is engaged in the trade or business of furnishing intercity passenger transportation or intercity charter service by bus. "(B) QUALIFIED INTERCITY BUS.—The term 'qualified intercity bus means an automobile bus— "(i) the chassis and body of which is exempt under section 4063(a)(6) from the tax imposed by section 4061(a), "(ii) which has—

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