qualified renewal property
Defined in 1 place of the United States Code.
The term “qualified renewal property” means any property to which section 168 applies (or would apply but for section 179) if—
(A) such property was acquired by the taxpayer by purchase (as defined in section 179(d)(2)) after December 31, 2001, and before January 1, 2010, and
(B) such property would be qualified zone property (as defined in section 1397D) if references to renewal communities were substituted for references to empowerment zones in section 1397D.
Source
- 2000–present26 U.S.C. § 1400JInternal Revenue Code · Increase in expensing under section 179 · for purposes of this section