PUBLIC LAW 98-369—JULY 18, 1984
98 STAT. 515
"(I) any equipment which is an integral part of other property which is not a computer, "(II) typewriters, calculators, adding and accounting machines, copiers, duplicating equipment, and similar equipment, and "(III) equipment of a kind used primarily for amusement or entertainment of the user. "(E) HIGH TECHNOLOGY MEDICAL EQUIPMENT.—For purposes of this paragraph, the term 'high technology medical equipment' means any electronic, electromechanical, or computer-based high technology equipment used in the screening, monitoring, observation, diagnosis, or treatment of patients in a laboratory, medical, or hospital environment. "(6) OTHER SPECIAL RULES.—For purposes of this subsection— "(A) LEASE.—The term 'lease' includes any grant of a right to use property. "(B) LEASE TERM.—In determining a lease term—
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"(i) there shall be taken into account options to renew, and "(ii) 2 or more successive leases which are part of the same transaction (or a series of related transactions) with respect to the same or substantially similar property shall be treated as 1 lease. "(C) SPECIAL RULE FOR FAIR RENTAL OPTIONS ON 18-YEAR
REAL PROPERTY.—For purposes of clause (i) of subparagraph (B), in the case of 18-year real property, there shall not be taken into account any option to renew at fair market value, determined at the time of renewal. "(7) RELATED ENTITIES.—For purposes of this subsection— "(A)(i) Each governmental unit and each agency or instrumentality of a governmental unit is related to each other such unit, agency, or instrumentality which directly or indirectly derives its powers, rights, and duties in whole or in part from the same sovereign authority. "(ii) For purposes of clause (i), the United States, each State, and each possession of the United States shall be treated as a separate sovereign authority. "(B) Any entity not described in subparagraph (A)(i) is related to any other entity if the 2 entities have— "(i) significant common purposes and substantial lijfcfi,, common membership, or ,. ^., ^^i "(ii) directly or indirectly substantial common direc, * ^^ tion or control. "(C)(i) An entity is related to another entity if either entity owns (directly or through 1 or more entities) a 50 percent or greater interest in the capital or profits of the other entity. "(ii) For purposes of clause (i), entities treated as related under subparagraph (A) or (B) shall be treated as 1 entity. "(D) An entity is related to another entity with respect to a transaction if such transaction is part of an attempt by such entities to avoid the application of this subsection, section 46(e), paragraph (4) or (5) of section 48(a), or clause Post, p. 517. (vi) of section 48(g)(2)(B). Post, p. 518.
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