qualified zone property

(1) In general The term “qualified zone property” means any property to which section 168 applies (or would apply but for section 179) if— (A) such property was acquired by the taxpayer by purchase (as defined in section 179(d)(2)) after the date on which the designation of the empowerment zone took effect, (B) the original use of which in an empowerment zone commences with the taxpayer, and (C) substantially all of the use of which is in an empowerment zone and is in the active conduct of a qualified business by the taxpayer in such zone.


26 USC § 1397D(a)(1)

Scoping language

For purposes of this part
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