acquisition indebtedness
(A)For purposes of this section, the term “acquisition indebtedness” does not include— (i)an obligation, to the extent that it is insured by the Federal Housing Administration, to finance the purchase, rehabilitation, or construction of housing for low and moderate income persons, or (ii)indebtedness incurred by a small business investment company licensed after the date of the enactment of the American Jobs Creation Act of 2004 under the Small Business Investment Act of 1958 if such indebtedness is evidenced by a debenture— (I)issued by such company under section 303(a) of such Act, and (II)held or guaranteed by the Small Business Administration. (B)Subparagraph (A)(ii) shall not apply with respect to any small business investment company during any period that— (i)any organization which is exempt from tax under this title (other than a governmental unit) owns more than 25 percent of the capital or profits interest in such company, or (ii)organizations which are exempt from tax under this title (including governmental units other than any agency or instrumentality of the United States) own, in the aggregate, 50 percent or more of the capital or profits interest in such company.