"Placed in service" defined
Sec. 8. As used in this chapter, "placed in service" means that
property is placed in a condition or state of readiness and availability
for a specifically assigned function. In the case of a plant comprised
of a complex of buildings, the entire plant shall be considered to
have been placed in service as of the date that a building was placed
in service if the building has floor space that, when aggregated with
the floor space of all buildings in the complex placed in service on
earlier dates, exceeds fifty percent (50%) of the total floor space of
all buildings in the complex.
As added by P.L.379-1987(ss), SEC.11.
Last modified: May 28, 2006