former tax-exempt use property
Defined in 1 place of the United States Code.
For purposes of this subsection, the term “former tax-exempt use property” means any property which—
(i) is not tax-exempt use property for the taxable year, but
(ii) was tax-exempt use property for any prior taxable year.
Source
- 2005–present26 U.S.C. § 470Internal Revenue Code · Limitation on deductions allocable to property used by governments or other tax-exempt entities · for purposes of this section