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• <br />~` • <br />r- ~?~ <br />i <br />i <br /> <br />18. Ex~enditu.es by a public utility which is not the prin-. <br />cipal user .of the bond-financed facility wiy~.h respect <br />to property of such company or by a Stzte or local go~- <br />ernmental unit with respect to `she property of such <br />..unit, . if the following ..conditions are met: (i ) Such <br />proper~y is used to provide gas, water, sewace disposal <br />se~ ~ires, electric energy, or telephone ser-~icas; ( ii ) <br />such property, though installed in or corrected to the <br />facility, is not an integral part of the facility such <br />that tiie cost of such property is ordinari lv included <br />as part of the acrn.: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. Trews Reg. §1.103-10(b) <br />(2)(iv)(a)• _ <br />19. Cost of moving equipment or machinery (including <br />removal and i rstallati on costs? ) except for taxes and <br />Carr~;ing charges which may be capitalized under Section <br />250 of the Code. See Eastern. Shoe Manufactur_nc Co: 8 <br />B.T.A.'•1169~(1927), acc., VI3-1:C.B. 9; Adcressoc?=a~h- <br />h:ulticrach Corte ,~ a T.C.M. lc7 .(195). <br />20. Theoretical interest of a taxpayer. using his own funds. <br />See Treas. Reg. .§1.266-1(b)(1)(iv). <br />seal <br /> <br />