qualified building

Defined in 3 places of the United States Code.

For purposes of clause (i), the term “qualified building” means any building which is part of a project if the taxpayer's basis in such project (as of the close of the calendar year in which the allocation is made) is more than 10 percent of the taxpayer's reasonably expected basis in such project (as of the close of the second calendar year referred to in clause (i)). Such term does not include any existing building unless a credit is allowable under subsection (e) for rehabilitation expenditures paid or incurred by the taxpayer with respect to such building for a taxable year ending during the second calendar year referred to in clause (i) or the prior taxable year.

Source

1994–2000 26 U.S.C. § 42Internal Revenue Code · Low-income housing credit · under this section

For purposes of clause (i), the term “qualified building” means any building which is part of a project if the taxpayer's basis in such project (as of the date which is 1 year after the date that the allocation was made) is more than 10 percent of the taxpayer's reasonably expected basis in such project (as of the close of the second calendar year referred to in clause (i)). Such term does not include any existing building unless a credit is allowable under subsection (e) for rehabilitation expenditures paid or incurred by the taxpayer with respect to such building for a taxable year ending during the second calendar year referred to in clause (i) or the prior taxable year.

Source

2008–present 26 U.S.C. § 42Internal Revenue Code · Low-income housing credit · under this section

For purposes of clause (i), the term “qualified building” means any building which is part of a project if the taxpayer's basis in such project (as of the later of the date which is 6 months after the date that the allocation was made or the close of the calendar year in which the allocation is made) is more than 10 percent of the taxpayer's reasonably expected basis in such project (as of the close of the second calendar year referred to in clause (i)). Such term does not include any existing building unless a credit is allowable under subsection (e) for rehabilitation expenditures paid or incurred by the taxpayer with respect to such building for a taxable year ending during the second calendar year referred to in clause (i) or the prior taxable year.

Source

2000–2008 26 U.S.C. § 42Internal Revenue Code · Low-income housing credit · under this section

For purposes of clause (ii), the term “qualified building” means any building located—

(I) in any county in which is located a qualified military installation to which the number of members of the Armed Forces of the United States assigned to units based out of such qualified military installation, as of June 1, 2008, has increased by not less than 20 percent, as compared to such number on December 31, 2005, or

(II) in any county adjacent to a county described in subclause (I).

Source

2013–present 26 U.S.C. § 142Internal Revenue Code · Exempt facility bond · for purposes of this section

For purposes of clause (ii), the term "qualified building" means any building located—

(II) in any county adjacent to a county described in subclause (I).

(iv) Qualified military installation

Source

2008–2023 26 U.S.C. § 142Internal Revenue Code · Exempt facility bond · for purposes of this section

For purposes of this subsection, the term “qualified building” means any building which—

(A) is located in the United States, and

(B) was originally placed in service not less than 5 years before the establishment of the qualified retrofit plan with respect to such building.

Source

2022–present 26 U.S.C. § 179DInternal Revenue Code · Energy efficient commercial buildings deduction · for purposes of this subtitle