Page:United States Statutes at Large Volume 95.djvu/231

This page needs to be proofread.

PUBLIC LAW 97-000—MMMM. DD, 1981

95 STAT. 205

PUBLIC LAW 97-34—AUG. 13, 1981 The applicable percenta|e for the class of property is: "ff the recovery year is:

3-year

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15

29 47 24

5-year 18 83 25 16 8

10-year 9 19 16 14 12 10 8 6 4 2

15-year public utility 6 12 12 11 10 9 8 7 6 5 4 4 3 2 1.

"(C) FOR PROPERTY PLACED IN SERVICE AFTER DECEMBER 31, 1985.—

"If the recovery year is:

The applicable percenta^ for the class of property is: 3-year

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15

33 45 22

5year 20 32 24 16 8

10-year 10 18 16 14 12 10 8 6 4 2

15-year public utility 7 12 12 11 10 9 8 7 6 5 4 3 3 2 1.

"(2) 15-YEAR REAL PROPERTY.—

"(A) IN GENERAL.—In the case of 15-year real properly, the applicable percentage shall be determined in accordance with a table prescribed by the Secretary. hi prescribing such table, the Secretary shall— "(i) assign to the property a 15-year recovery period, and "(ii) assign percentages generally determined in accordance with use of the 175 percent declining balance method (200 percent declining balance method in the case of low-income housing), switching to the method described in section 1670t)Xl) at a time to maximize the 26 USC i67. deduction allowable under subsection (a). For purposes of this subparagraph, the applicable percentage m the taxable year in which the property is placed in