96 STAT. 2372
PUBLIC LAW 97-448—JAN. 12, 1983 building (as defined in section 48(g)(l)), an election under subsection (b)(3) may be made at any time before the date 3 years after the building was placed in service." (5) CLARIFICATION OF BUILDINGS ELIGIBLE FOR REHABILITATION
26 USC 46.
(A) Subclause (II) of section 46(a)(2)(F)(iii) (defining 40year building) is amended by striking out "any building" and inserting in lieu thereof "a qualified rehabilitated building". (B) Subclause (III) of section 46(a)(2)(F)(iii) (defining certified historic structure) is amended by striking out "has the meaning given to such term by section 48(g)(3)" and inserting in lieu thereof "means a qualified rehabilitated building which meets the requirements of section 48(g)(3)". (6) DEFINITION OF SUBSTANTIALLY REHABiuTATED.Dlause (i) of
26 USC 48.
26 USC 170.
95 Stat. 240.
26 USC 48 note,
of fji^' ^^^"
26 USC 108.
26 USC 44F.
95 Stat. 246. 26 USC 381. 95 Stat. 250.
section 48(g)(l)(C) (defining substantially rehabilitated) is amended— (A) by striking out "property" the first 2 places it appears and inserting in lieu thereof "building (and its structural components), (B) by striking out "property" the third place it appears and inserting in lieu thereof "building", and (C) by adding at the end thereof the following new sentence: "For purposes of the preceding sentence, the determination of the beginning of the holding period shall be made without regard to any reconstruction by the taxpayer in connection with the rehabilitation." (7) CROSS REFERENCE.—Clause (ii) of section 170(h)(4)(B) (defining certified historic structure) is amended by striking out "section 191(d)(2)" and inserting in lieu thereof "section 48(g)(3)(B)". (g) AMENDMENT RELATED TO SECTION 2 1 3. — S u b s e c t i o n (b) o f SeC-
tion 213 of the Economic Recovery Tax Act of 1981 (relating to investment tax credit for used property; increase in dollar limit) is amended by striking out "property placed in service" and inserting in lieu thereof "tsixable years beginning", (^) AMENDMENTS RELATED TO SECTION 221.—
(1) Subparagraph (B) of section 108(b)(2) (relating to certain credit carryovers) is emiended by striking out "or" at the end of clause (iii), by striking out the period at the end of clause (iv) and inserting in lieu thereof, or", and by inserting after clause (iv) the following new clause: "(v) section 44F (relating to credit for increasing research activities)." (2) Effective only with respect to amounts paid or incurred after March 31, 1982, subparagraph (A) of section 44F(b)(2) is amended by adding at the end thereof the following: "Clause (iii) shall not apply to any amount to the extent that the taxpayer (or any person with whom the taxpayer must aggregate expenditures under subsection (fKD) receives or accrues any amount from any other person for the right to use substaiitially identical personal property." (3) The paragraph (28) of section 381(c) added by section 221 of j.jjg Economic Recovery Tax Act of 1981 is redesignated as paragraph (29). (i) AMENDMENTS RELATED TO SECTION 2 3 4. —
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