New identifiable facility
(b) New identifiable facility(1) In general. For purposes of paragraph (a)(1)(ii) of this section, the term new identifiable facility includes only tangible property (not including a building and its structural components referred to in subparagraph (2)(i) of this paragraph, other than a building and its structural components which under subparagraph (2)(ii) of this paragraph is exclusively a treatment facility) which (i) Is of a character subject to the allowance for depreciation provided in section 167, (ii)(a) Is property the construction, reconstruction, or erection (as defined in subparagraph (2)(iii) of this paragraph) of which is completed by the taxpayer after December 31, 1968, or