PUBLIC LAW 95-600—NOV. 6, 1978
92 STAT. 2901
"(B) is located in a registered historic district and is certified by the Secretary of the Interior to the Secretary as being of historic significance to the district. "(2) REGISTERED HISTORIC DISTRICT.—The term 'registered historic district' means— "(A) any district listed in the National Register, and "(B) any district— "(i) which is designated under a statute of the appropriate State or local government, if such statute is certified by the Secretary of the Interior to the Secretary as containing criteria which will substantially achieve the purpose of preserving and rehabilitating buildings of historic significance to the district, and "(ii) which is certified by the Secretary of the Interior to the Secretary as meeting substantially all of the requirements for the listing of districts in the National Register." (2) AMENDMENT OF CROSS REFERENCES.—Subsection (g) of section 191 (relating to cross references) is amended to read as 26 USC 191. follows: "(g) CROSS REFERENCES.— "(1) For rules relating to the listing of buildings, structures, and historic districts in the National Register, see the Act entitled 'An Act to establish a program for the preservation of additional historic properties throughout the Nation, and for other purposes', approved October 15, 1966 (16 U.S.C. 470 et seq.). "(2) For special rules with respect to certain gain derived from the disposition of property the adjusted basis of which is determined with regard to this section, see sections 1245 and 1250." (3) SPECIAL RULES FOR RECAPTURE OF AMORTIZATION DEDUCTION.—
(A) Paragraph (2) of section 1245(a) (relating to gain from 26 USC 1245. dispositions of certain depreciable property) is amended— (i) by striking out "190, or 191" the first place it appears and inserting in lieu thereof "or 190" and (ii) by striking out "190, or 191" the second and third place it appears and inserting in lieu thereof "190, or (in the case of property described in paragraph (3)(C)) 191". (B) Subparagraph (D) of section 1245(a)(3) (relating to gain from dispositions of certain depreciable property) is amended by striking out "190, or 191" and inserting in lieu thereof "or 190". (C) Paragraph (3) of section 1250(b) (relating to depreci- 26 USC 1250. ation adjustments) is amended by striking out "190 or 191" and inserting in lieu thereof "or 190". (D) Paragraph (2) of section 57(a) (relating to items of tax 26 USC 57. preference) is amended by inserting "or 191" after "167(k)". (E) Paragraph (4) of section 1250(b) (relating to definition of additional depreciation) is amended— (i) by inserting "or amortization" after "depreciation" the second and third places it appears, and (ii) by inserting "or 191" after "167(k)" each place it appears. (4) STRAIGHT LINE METHOD IN CERTAIN CASES.—Subsection (n) of
section 167 is amended to read as follows: "(n) STRAIGHT LINE METHOD IN CERTAIN CASES.—
"(1) IN GENERAL.—In the case of any property in whole or in part constructed, reconstructed, erected, or used on a site which
26 USC 167.
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