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..:. , ! ~ <br />18. Expenditures by a public utility which is not the prin-. <br />cipal user of the bond-financed facility with respect <br />to property of such comp any or by a State or local gov- <br />ernmental unit with respect to the property of such <br />unit,.if the following .conditions are met: (i) Such <br />property is used to provide gas, water, sewage disposal <br />J~a vices, electric energy, or telephone services; (ii) <br />such property, though installed in or connected to the <br />facility, is not an integral part of the facility such <br />that the cost of such property is ordinarily included . <br />as part of the acq~.:isition, construction, or reconstruc- ._ <br />tion cost of such facility; and (iii) such property is <br />of a type normally paid for in the form of periodic <br />fees based upon time or use. Treas Reg. §1.103-10(b) <br />(2)(iv)(a). _ <br />19. Cost of moving ecruipment or machinery (including <br />. removal and installation costs?) except for taxes and <br />carrying charges which may be capitalized under Section <br />266 of the Code. See Eastern Shoe Manufacturing Co. 8 <br />B.T.P.. 1169 (1927), acct., VII-ILC.B. 9; Addressograph- <br />rlultigranh Corn. ,- 4 T.C.M. 147 _(1945) . <br />20. Theoretical interest of a taxpayer_ using his own funds. <br />See Treas. Reg. -§1.266-1(b)(1)(iv). <br />5/81 <br />