§ 179C(c)(1)

qualified refinery property

UNDECIDED

0 of 3 settled

  1. 1

    § 179C(c)(1)

    ALL OF

    The term “qualified refinery property” means any portion of a qualified refinery—

    “any portion of a qualified refinery” Opening words
    “the original use of which commences with the taxpayer,” § 179C(c)(1)(A)
    “which is placed in service by the taxpayer after the date of the enactment of this section and before January 1, 2014,” § 179C(c)(1)(B)
    “in the case any portion of a qualified refinery (other than a qualified refinery which is separate from any existing refinery), which meets the requirements of subsection (e),” § 179C(c)(1)(C) needs Step 3 production capacity requirements met UNDECIDED
    “which meets all applicable environmental laws in effect on the date such portion was placed in service,” § 179C(c)(1)(D)
    “no written binding contract for the construction of which was in effect on or before June 14, 2005, and” § 179C(c)(1)(E)
    “the construction of which is subject to a written binding construction contract entered into before January 1, 2010, which is placed in service before January 1, 2010, or in the case of self-constructed property, the construction of which began after June 14, 2005, and before January 1, 2010.” § 179C(c)(1)(F)

    Step 2 subparagraph (F) met UNDECIDED

  2. 2

    § 179C(c)(1)(F)

    subparagraph (F) met

    ANY OF

    “any portion of a qualified refinery—” Enclosing § 179C(c)(1)
    “the construction of which is subject to a written binding construction contract entered into before January 1, 2010,” § 179C(c)(1)(F)(i)
    “which is placed in service before January 1, 2010, or” § 179C(c)(1)(F)(ii)
    “in the case of self-constructed property, the construction of which began after June 14, 2005, and before January 1, 2010.” § 179C(c)(1)(F)(iii)
  3. 3

    § 179C(e)

    production capacity requirements met

    ANY OF

    The requirements of this subsection are met if the portion of the qualified refinery—

    “the portion of the qualified refinery” Opening words
    “enables the existing qualified refinery to increase total volume output (determined without regard to asphalt or lube oil) by 5 percent or more on an average daily basis, or” § 179C(e)(1)
    “enables the existing qualified refinery to process shale, tar sands, or qualified fuels (as defined in section 45K(c)) at a rate which is equal to or greater than 25 percent of the total throughput of such qualified refinery on an average daily basis.” § 179C(e)(2)