qualified disaster assistance property
(ii)The term “qualified disaster assistance property” shall not include any property to which the alternative depreciation system under subsection (g) applies, determined without regard to paragraph (7) of subsection (g) (relating to election to have system apply). (iii)Such term shall not include any property any portion of which is financed with the proceeds of any obligation the interest on which is exempt from tax under section 103. (iv)Such term shall not include any qualified revitalization building with respect to which the taxpayer has elected the application of paragraph (1) or (2) of section 1400I(a). (v)If a taxpayer makes an election under this clause with respect to any class of property for any taxable year, this subsection shall not apply to all property in such class placed in service during such taxable year. (C)For purposes of this subsection, rules similar to the rules of subparagraph (E) of subsection (k)(2) shall apply, except that such subparagraph shall be applied— (i)by substituting “the applicable disaster date” for “” each place it appears therein, (ii)without regard to “and before” in clause (i) thereof, and (iii)by substituting “qualified disaster assistance property” for “qualified property” in clause (iv) thereof. (D)For purposes of this subsection, rules similar to the rules of subsection (k)(2)(G) shall apply.