certificate of necessity

certificate of necessity
: a document issued by a certifying government agency under authority of which the internal revenue service allows deductions from taxable income for accelerated amortization of all or a part of the cost of emergency facilities

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certificate of necessity,
a certificate issued by an agency of the federal government to a corporation building new plant facilities to produce goods for defense, which permits the corporation to amortize the cost at an accelerated rate; in effect, a tax reduction.

Useful english dictionary. 2012.

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Look at other dictionaries:

  • certificate of convenience and necessity — certificate of con·ve·nience and necessity: a certificate issued by an agency granting a company authority to operate a public service esp. as a utility or transportation company Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …   Law dictionary

  • certificate — cer·tif·i·cate 1 /sər ti fi kət/ n 1 a: a document containing a certified statement esp. as to the truth of something a birth certificate b: a document certifying that a person has fulfilled the requirements of and may practice in a specified… …   Law dictionary

  • certificate of public convenience and necessity — certificate of convenience and necessity …   Useful english dictionary

  • certificate — /sartifakat/ A written assurance, or official representation, that some act has or has not been done, or some event occurred, or some legal formality has been complied with. A written assurance made or issuing from some court, and designed as a… …   Black's law dictionary

  • certificate — /sartifakat/ A written assurance, or official representation, that some act has or has not been done, or some event occurred, or some legal formality has been complied with. A written assurance made or issuing from some court, and designed as a… …   Black's law dictionary

  • necessity — Controlling force; irresistible compulsion; a power or impulse so great that it admits no choice of conduct. That which makes the contrary of a thing impossible. The quality or state of being necessary, in its primary sense signifying that which… …   Black's law dictionary

  • necessity — Controlling force; irresistible compulsion; a power or impulse so great that it admits no choice of conduct. That which makes the contrary of a thing impossible. The quality or state of being necessary, in its primary sense signifying that which… …   Black's law dictionary

  • Certificate of medical necessity — Generally, a Certificate of Medical Necessity is a piece of paper required by Centers for Medicare and Medicaid Services to substantiate the medical necessity of an item of durable medical equipment furnished to a Medicare beneficiary. It is… …   Wikipedia

  • Certificate revocation list — In the operation of some cryptosystems, usually public key infrastructures (PKIs), a certificate revocation list (CRL) is a list of certificates (or more specifically, a list of serial numbers for certificates) that have been revoked or are no… …   Wikipedia

  • certificate of public convenience and necessity — A certificate from a public service commission as a prerequisite to the construction or extension of a public utility plant or system. 43 Am J1st Pub Util § 198; a certificate, issued by the appropriate regulatory commission to a common carrier… …   Ballentine's law dictionary

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