Common use of 280F Clause in Contracts

280F. 5T(e) generally ap- plies to passenger automobiles leased after April 2, 1985, in taxable years end- ing after that date. Section 1. 280F– 5T(e) does not apply to any passenger automobile that is leased pursuant to a binding contract, which is entered into no later than April 2, 1985, and which is in effect at all times thereafter, but only if the automobile is used under the lease before August 1, 1985. If

280F. 5T(e) generally ap- plies to passenger automobiles leased after April 2, 1985, in taxable years end- ing after that date. Section 1. 280F– 5T(e) does not apply to any passenger automobile that is leased pursuant to a binding contract, which is entered into no later than April 2, 1985, and which is in effect at all times thereafter, but only if the automobile is used under the lease before August 1, 1985. If § 1. 280F–5T(e) does not apply to a pas-