Transition Rule. In the case of an electing in- vestment partnership which is in existence on June 4, 2004, section 743(e)(6)(H) [now 743(e)(5)(H)] of the Inter- nal Revenue Code of 1986, as added by this section, shall not apply to such partnership and section 743(e)(6)(I) [now 743(e)(5)(I)] of such Code, as so added, shall be ap- plied by substituting ‘20 years’ for ‘15 years’.’’ Effective Date of 1984 Amendment
Appears in 2 contracts
Sources: Binding Contract, Partnership Agreements