Page:United States Statutes at Large Volume 96 Part 1.djvu/482

 96 STAT. 440

PUBLIC LAW 97-248—SEPT. 3, 1982 (B) CERTAIN QUALIFIED LESSEES.—Property is described in

this subparagraph if such property is placed in service before July 1, 1982, and with respect to which— (i) an a g r e e m e n t to which section 168(f)(8)(A) of the I n t e r n a l Revenue Code of 1954 applies was entered into before August 15, 1982, and (ii) the lessee under such a g r e e m e n t is a qualified lessee (within the m e a n i n g of paragraph (6)).

Post, p. 442.

(C) M A N U F ACT U R E R S OF CERTAIN PRODUCTS.—Property is

26 USC 1381.

described in this subparagraph if such property— (i) is used to produce a class of products (within the m e a n i n g of paragraph (6)(B)) in a n industry described in paragraph (6)(A)(ii)(II) (determined without regard to the p h r a s e "other than the taxpayer"), and (ii) would be described in subparagraph (A) if "October 1" were substituted for " January 1". (D) CERTAIN AIRCRAFT.—Property is described in this subparagraph if such property— (i) is a commercial passenger aircraft (other than a helicopter), and (ii) would be described in subparagraph (A) if " January 1, 1984" were substituted for " January 1, 1983". For purposes of determining w h e the r property described in this subparagraph is described in subparagraph (A), subparagraph (A)(ii) shall be applied by substituting " June 25, 1981" for "December 31, 1980" and by substituting "February 20, 1982" for " July 2, 1982" and construction of the aircraft shall be t r e a t e d as h a v i n g been begun during the period referred to in subparagraph (A)(ii) if during such period construction or reconstruction of a subassembly was commenced, or the stub wing join occurred. (E) TURBINES AND BOILERS.—Property is described in this subparagraph if such property— (i) is a t u r b i n e or boiler of a cooperative organization described in section 1381(a), and (ii) would be property described in subparagraph (A) if " July 1" were substituted for " January 1". For purposes of determining w h e the r property described in this subparagraph is described in subparagraph (A), such property shall be t r e a t e d as having been acquired during the period referred to in subparagraph (A)(ii) if a t least 20 percent of the cost of such property is paid during such period. (F) PROPERTY USED IN THE PRODUCTION O F STEEL.—Prop-

erty is described in this subparagraph if such property— (i) is used by the tax p a y e r directly in connection with the trade or business of the tax p a y e r of the manufact u r e or production of steel, and (ii) would be described in subparagraph (A) if " January 1, 1984" were substituted for " January 1, 1983". (4) SPECIAL RULE FOR ANTIAVOIDANCE PROVISIONS.—The provi-

Ante, p. 432.

sions of paragraph (6) of section 168(i) of such Code (as added by subsection (a)(1)), and the amendment m a d e by subsection (b)(1), shall apply to leases entered into after February 19, 1982, in taxable years ending after such date. (5)

SPECIAL

RULE

FOR MASS

COMMUTING

VEHICLES.—The

amendments m a d e by this section (other than section 168(i)(1)

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