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168(g)(4). Section 1250(c) defines section 1250 property to mean
"any real property (other than section 1245 property, as defined
in section 1245(a)(3))". Section 1245(a)(3)(C) includes
elevators and escalators within the definition of section 1245
property.
Section 1.1250-1(e)(3)(i), Income Tax Regs., defines real
property to include the structural components of a building
within the meaning of section 1.1245-3(c), Income Tax Regs.,
which provides in pertinent part that "the terms 'building' and
'structural components' shall have the meanings assigned to those
terms in paragraph (e) of � 1.48-1."37
37 Sec. 1.48-1(e)(2) provides in pertinent part as follows:
(2) The term "structural components" includes such parts of
a building as walls, partitions, floors, and ceilings, as
well as any permanent coverings therefor such as paneling or
tiling; windows and doors; all components (whether in, on,
or adjacent to the building) of a central air conditioning
or heating system, including motors, compressors, pipes and
ducts; plumbing and plumbing fixtures, such as sinks and
bathtubs; electric wiring and lighting fixtures; chimneys;
stairs, escalators, and elevators, including all components
thereof; sprinkler systems; fire escapes; and other
components relating to the operation or maintenance of a
building. However, the term "structural components" does
not include machinery the sole justification for the
installation of which is the fact that such machinery is
required to meet temperature or humidity requirements which
are essential for the operation of other machinery or the
processing of materials or foodstuffs. Machinery may meet
the "sole justification" test provided by the preceding
sentence even though it incidentally provides for the
comfort of employees, or serves, to an insubstantial degree,
areas where such temperature or humidity requirements are
not essential. * * *
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