qualified wireless spectrum
(14) Qualified wireless spectrum (A) In general Adjusted financial statement income shall be— (i) reduced by amortization deductions allowed under section 197 with respect to qualified wireless spectrum to the extent of the amount allowed as deductions in computing taxable income for the taxable year, and (ii) appropriately adjusted— (I) to disregard any amount of amortization expense that is taken into account on the taxpayer’s applicable financial statement with respect to such qualified wireless spectrum, and (II) to take into account any other item specified by the Secretary in order to provide that such qualified wireless spectrum is accounted for in the same manner as it is accounted for under this chapter. (B) Qualified wireless spectrum For purposes of this paragraph, the term “qualified wireless spectrum” means wireless spectrum which— (i) is used in the trade or business of a wireless telecommunications carrier, and (ii) was acquired after December 31, 2007 , and before the date of enactment of this section.