Examples of Subchapter O in a sentence
Fair market value on December 31, 1969, less straight line depre- ciation of $5,100 ($104,900) exceeds basis as de- termined by Part II of Subchapter O of Chap- ter 1, $96,900 ($102,000 less $5,100), and will be used for purposes of determining gain.
Because fair market value on December 31, 1969, less straight line depreciation of $5,100 ($94,900) is less than basis as determined by Part II of Subchapter O of Chapter 1, $96,900 ($102,000 less $5,100), a gain of $3,100 is recognized (i.e., sales price of$100,000 less the greater of the two possible bases).Example 2.
The basis to be used for purposes of the deduction allowed for deprecia- tion or depletion shall be the basis de- termined under the rules of Part II of Subchapter O of Chapter 1, subject to the provisions of section 4940(c)(3)(B), and without regard to section 4940(c)(4)(B), relating to the basis for determining gain, or section 362(c).
Since the fair market value on December 31, 1969,$110,000, exceeds the adjusted basis as deter- mined by Part II, Subchapter O, Chapter 1 of the Code, $102,000, such fair market value will be used for purposes of determining gain.
The adjusted basis as determined under the rules of Part II, Subchapter O, Chapter 1 of the Code, subject to the provisions of section 4940(c)(3)(B) and the regulations thereunder (and with- out regard to section 362(c)).
Be- cause fair market value on December 31, 1969, $100,000, is less than the adjusted basis as determined by Part II, Subchapter O, Chapter 1 of the Code, $102,000, a short-term gain of $3,000 is recognized (i.e., sale price of$105,000 less the greater of the two possible bases) for purposes of subparagraph (2)(ii) of this paragraph.Example 2.
The form of the financial assurance will be as specified in Chapter 37, Subchapter O of this title and will be as specified by the executive director.
Rules for state sales and use tax can be found under the Texas Administrative Code, Title 34 Public Finance, Part 1 Comptroller of Public Accounts, Chapter 3 Tax Administration, Subchapter O State Sales and Use Tax.
See Environmental Protection Agency regulations implementing the Clean Water Act, section 312 (standards for marine sanitation devices (MSDs)): 40 C.F.R. 140 et seq, USC Title 33 Chapter I Subchapter O Part 159, Revised Code of Washington (RCW) 90.48.080, Washington Administrative Code (WAC) 173-201A, and Coast Guard regulations implementing CWA section 312, 33 C.F.R. 159, Subparts A-D.
The executive director may order the prospective owner or operator to demonstrate financial assurance to operate the system in accordance with applicable laws and rules as specified in Chapter 37, Subchapter O of this title (relating to Financial Assurance for Public Drinking Water Systems and Utilities), or as specified by commission rule, unless the executive director finds that the business plan demonstrates adequate financial capability.