- 9 -
508, sec. 11813(a), 104 Stat. 1388-536, 1388-541 (effective with
respect to property placed in service after December 31, 1990).4
4 Henceforth, all references to sec. 48 are to that section
previous to its amendment by the Omnibus Budget Reconciliation
Act of 1990, Pub. L. 101-508, sec. 11813(a), 104 Stat. 1388-536,
1388-541.
Prior to its amendment, sec. 48(a)(1) provided as follows:
(1) In General.--* * * the term "section 38 property"
means--
(A) tangible personal property * * *, or
(B) other tangible property (not including a
building and its structural components) but only if
such property--
(i) is used as an integral part of
manufacturing, production, or extraction
* * *, or
* * * * * * *
(iii) constitutes a facility used in
connection with any of the activities
referred to in clause (i) for the bulk
storage of fungible commodities * * *, or
* * * * * * *
(D) single purpose agricultural or horticultural
structures; * * *
Sec. 48(p)(3), defined the term "single purpose
horticultural structure" as follows:
(A) a greenhouse specifically designed,
constructed, and used for the commercial production of
plants, and
(B) a structure specifically designed, constructed and
used for the commercial production of mushrooms.
(continued...)
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