FACILITIES FOR PRIMARY PROCESSING OF URANIUM ORE OR URANIUM CONCENTRATE.

SEC. 9. FACILITIES FOR PRIMARY PROCESSING OF URANIUM ORE OR URANIUM CONCENTRATE. (a) New Facilities.—Section 168 (e) (2) (relating to certifications of emergency facilities after August 22, 1957) is amended by striking out “or” at the end of subparagraph (A), by inserting “or” at the end of subparagraph (B), and by inserting after subparagraph (B) the following new subparagraph: “(C) o provide primary processing for uranium ore or uranium concentrate under a program of the Atomic Energy Commission for the development of new sources of uranium ore or uranium concentrate,”. 72 Stat. 1609 (b) Limitation.— Section 168 (e) (relating to determination of adjusted basis of emergency facilities) is amended by adding at the end thereof the following new paragraph: “(5) Limitation with respect to uranium ore or uranium concentrate processing facilities.—No certificate shall be made under paragraph (2) (C) with respect to any facility unless existing facilities for processing the uranium ore or uranium concentrate which will be processed by such facility are unsuitable because of their location.” (c) Applications Heretofore Filed.—In the case of any certificate which is made under section 168 (e) of the Internal Revenue Code of 1954 for any facility to which the amendment made by subsection (a) applies, if application for such certificate was filed before the date of the enactment of this Act and within the time prescribed by the next to the last sentence of section 168 (e) (2) of such Code, the second sentence of section 168 (d) (1) of such Code shall not apply with respect to any taxable year of the taxpayer which ends prior to the date on which such certificate is made. In the case of any certificate which is made under such section for any facility to which the amendment made by subsection (a) applies, if application for such certificate is filed at any time within 3 months after the date of the enactment of this Act, the next to the last sentence of section 168 (e) (2) shall not apply and the second sentence of section 168 (d) (1) shall not apply with respect to any taxable year of the taxpayer which ends prior to the date on which such certificate is made.