qualified commercial financing

(ii)For purposes of this paragraph, the term “qualified commercial financing” means any financing with respect to any property if— (I)such property is acquired by the taxpayer from a person who is not a related person, (II)the amount of the nonrecourse financing with respect to such property does not exceed 80 percent of the credit base of such property, and (III)such financing is borrowed from a qualified person or represents a loan from any Federal, State, or local government or instrumentality thereof, or is guaranteed by any Federal, State, or local government.

Source

26 USC § 49(a)(1)(D)(ii)


Scoping language

For purposes of this paragraph
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