- 89 -
(i) section 203(b)(2) of such Act
shall apply, and
(ii) in the case of property with a
class life–-
(I) of less than 5 years, the
applicable date shall be July 1,
1986, and
(II) at least 5 years, but
less than 7 years, the applicable
date shall be January 1, 1987,
* * *
The pertinent portions of TRA section 203, 100 Stat. 2143,
provide:99
SEC. 203. EFFECTIVE DATES; GENERAL TRANSITIONAL RULES.
(a) General Effective Dates.--
(1) Section 201.--
(A) In general.--Except as provided in
this section, section 204, and section
251(d), the amendments made by section 201
shall apply to property placed in service
after December 31, [1985] 1986, in taxable
years ending after such date.
* * * * * * *
(b) General Transitional Rule.--
(1) In general.--The amendments made by
section 201 shall not apply to--
(A) any property which is constructed,
reconstructed, or acquired by the taxpayer
99 Pursuant to sec. 49(e), date changes have been made in
TRA secs. 203 and 204. The stricken portions are the original
dates, unmodified by sec. 49(e). The inserted dates are those
which were modified by sec. 49(e)(1)(A) and (B) and applicable to
this case.
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