Tangible depreciable property
Tangible depreciable property means tangible personal property (as defined in 1.48-1(c)), other tangible property (as defined in 1.48-1(d)), and building and structural components (as defined in 1.48-1(e), except as provided in paragraphs (c)(2) and (3) of this section) with respect to which depreciation (or amortization in lieu of depreciation) is allowable. The law of a State or local jurisdiction is not controlling for purposes of determining whether property is tangible property for purposes of section 48D or the section 48D regulations.