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tax-exempt use period

Defined in 1 dictionary — U.S. Code

United States Code

26 U.S.C. § 168 — for purposes of this section

For purposes of subclause (I), the term “tax-exempt use period” means the period beginning with the taxable year in which the property described in subclause (I) is first used by the organization and ending with the close of the 15th taxable year following the last taxable year of the applicable recovery period of such property.