First placed in service definition

First placed in service means the first use of the property by the taxpayer.)
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First placed in service means the first time the building is placed in service by any person. See § 1.168(k)-1(c)(1)(iii). A building is first placed in service when first placed
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Examples of First placed in service in a sentence

  • Furthermore, the Chinese companies have been known to go against laws that make investments harder, like environmental laws.

  • First placed in service in 1968, the King Plant was nearing the end of its useful life when the MERP was approved.

Related to First placed in service

  • Placed in Service means: 1) for a new or existing building used as residential rental property, the date on which the building is ready and available for its specifically assigned function (i.e. the date on which the first Unit in the building is certified as being suitable for occupancy in accordance with state or local law); and 2) with respect to rehabilitation expenditures that are treated as a separate new building, those buildings are placed in service at the close of any twenty-four (24) month period over which the expenditures are aggregated.

  • Incremental Facility Closing Date has the meaning set forth in Section 2.14(d).

  • Change in service means the designation of a new provider of a telecommunications service to a customer, including the initial selection of a service provider, and includes the addition or deletion of a telecommunications service for which a separate charge is made to a customer account.

  • In-service means an educational program, which is designed to increase the knowledge, skills, and overall effectiveness of personnel.

  • Incremental Auction means any of several auctions conducted for a Delivery Year after the Base Residual Auction for such Delivery Year and before the first day of such Delivery Year, including the First Incremental Auction, Second Incremental Auction, Third Incremental Auction or Conditional Incremental Auction. Incremental Auctions (other than the Conditional Incremental Auction), shall be held for the purposes of:

  • One-Year Break in Service means a twelve (12) consecutive month period during which the Participant does not complete more than 500 Hours of Service.

  • Equity Contribution has the meaning assigned to such term in the Recitals to this Agreement.

  • Specified Equity Contribution has the meaning specified in Section 8.04.

  • Available Incremental Amount has the meaning specified in Section 2.14(4)(c).

  • completed year of service means continuous service for one year;

  • Years of Service means the total number of full years in which a Participant has been employed by one or more Employers. For purposes of this definition, a year of employment shall be a 365 day period (or 366 day period in the case of a leap year) that, for the first year of employment, commences on the Employee's date of hiring and that, for any subsequent year, commences on an anniversary of that hiring date. Any partial year of employment shall not be counted.

  • Fixed Incremental Amount shall have the meaning assigned to such term in the definition of “Maximum Incremental Facilities Amount”.

  • Incremental Cap has the meaning assigned to such term in Section 2.21(a).

  • Incremental Term Facility has the meaning assigned to such term in Section 2.22(a).