qualified community business property

(A)The term “qualified community business property” means tangible property if— (i)such property was acquired by the taxpayer by purchase (as defined in) after, and before, (ii)the original use of such property in the renewal community commences with the taxpayer, and (iii)during substantially all of the taxpayer’s holding period for such property, substantially all of the use of such property was in a renewal community business of the taxpayer. (B)The requirements of clauses (i) and (ii) of subparagraph (A) shall be treated as satisfied with respect to— (i)property which is substantially improved by the taxpayer before, and (ii)any land on which such property is located. (c)For purposes of this section—


26 USC § 1400F(b)(4)(A)

Scoping language

For purposes of this section
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