upr000265 168

f«o«iu 3-lb—42 t « » ’"tfecesslty1 Certificates" means a certification Issued pursuant to Section 124 of t o Internal Revenue Code* as amended, that #i# construction or acquisition of the esergstaey faoiiltie# referred to la the certificate is n m n m r n m . is t o interest of national defuse# during this emergency poriod* the application for a necessity certificate is timely if filed before the expiration of six months after the beglaa-laf of construc­tion, T w o t m trust ion , erection Or installation or the date of acquisition of the facilities sought to be certified* When the certifleate of necessity has M » obtained, the applicant is in position to receiveJ$p ..benefit of C M t t t M t o j # the cosi of said facilities during eentoutiyettoto, the privilege of obtaining tints' adjustments favorable to. ffef waipptlhi­cant if the existing state of emergency is proolaiaed .by the President of the Halted States as having laminated prior to the expiration of the sixty months* t o n any fee&llties used in coa^ Section with the exieting ^ergeaey .any be amortised during.juch a short period, obviously, tax benefits soeru© to the applicant* Applications for neeeseity ocrilflectes shall be; filed, elth the Of fine of the ttodsMSOxstary of tar or the Of rise, of the Hndexvseoretary of the levy and application shall be ^*de to only one department, ordinarily that one which receive* directly or Indirectly the larger part of the products or service®' to be pro­duced os furnishedwit&to facilities sought to be certified* Se far a rather bread policy t o been applied In granting these certificates if the applicant M shoe a-reasonable need for the additional facilities for defease or for the priToae of ; orren adneyr ianugx isleiravircye dteov etlhoep mieanmtr «r etquoijrgedt ft#o facilitate the aetlvitiee of the Assy* the Havy or t o Mes&tins Ocwtoelcn* as an eja^Pl®!- service facilities for a federal lousing .Project or a Joint federal to/#bate, ordltyAgbueifcft. Inject ueaesmiuy-to .furnish t o f t t o enlisted m m or civilian eaployees engaged in t o production Of War materials or facilities are proper subjects for application* Ip other words, If t o tax payer of applicant ©an shoe a reneoaable need for t o additional facilities in t o interest of national defense sttivities and ©an prevail upon m Army or Bevy Commanding officer to recognise such, he probably will receive a certificate* Heretofore, it t o been aeeeseayy to obtain other certificates as well m necessity certificates in order to assure reoognition from the Bureau of eternal Bevenue, if the benefits of amortisation are sought in connection with tares* However, we have bees notified t o t Section 124 of t o Internal Revenue Oode t o been amended by repealing Section (1) thereof end as a result t o only certificate required to establish the tax payers* right to amortisation during 60 months is the necessity Certificate*