01-09-1985 Meeting - Laserfiche WebLink

Browse Search

1 • • 1980-I C.B. 23, (expenditures for trucks are not capital expenditures because they are not allocable to any specific facility) and LTR 8324053 (expenditures for truck trailers are not capital expenditures) . 14. Expenditures for equipment or machinery moved into the county or municipality within three years after the bonds are issued; however, only if the expenditures for the equipment or machinery are made within the six-year period. Treas. Reg. § 1.103-10(f), Example (12); Rev. Rul. 82-162, 1982-40 I.R.B. 5. See Rev. Rul. 83-18, 1983-4 I.R.B. 11. 15. Cost o° molds used to manufacture custom elastic products with respect to the manufacturing facility, regardless of whether the manufacturer or the custorr,ers take title to the molds, if the molds have a useful life substantially beyond the end of the taxable year. Rev. Rul. 77-224, 1977-1 C.B. 25. 16. If the principal user of a facility orders equipment . for the facility from a manufacturer, expenditures paid or incurred by the manufacturer are considered to have been incurred concurrently by the principal user. Tre amount which must be taken into account as a capital expenditure is a percentage of the purchase price to be paid by the principal user for the equipment equal to the percentage of the manufacturer's total cost for the equipment paid or incurred by the manufacturer within three years before or after the ..date of bond issue. Rev. Rut. 78-347, 1978-2 C.B. 101. See also Rev. Rul. 74-485, 1974-2 C.B. 32 (capital expenditures by con- struction contractor attributed to prospective owner of building). 17. Cost of timber incurred under a pay-as-cut timber contract when the timber is cut. Rev. Rul. 76-132, 1976-1 C.B. 16. 18. Cost of mebile buildings for use as temporary offices even though the mobile buildings later are sold to unrelated parties. Rev. Rul. 75-208, 1975-1 C.B. ^-_6. See Rev. Rul. 80-162, 1980-1 C.B. 26 (same result as to machinery later transferred out of political jurisdic- tion).