qualified revitalization building
Defined in 1 place of the United States Code.
The term "qualified revitalization building" means any building (and its structural components) if—
(A) the building is placed in service by the taxpayer in a renewal community and the original use of the building begins with the taxpayer, or
(B) in the case of such building not described in subparagraph (A), such building—
(i) is substantially rehabilitated (within the meaning of section 47(c)(1)(C)) 1 by the taxpayer, and
(ii) is placed in service by the taxpayer after the rehabilitation in a renewal community.
Source
- 2017–present26 U.S.C. § 1400IInternal Revenue Code · Commercial revitalization deduction · for purposes of this section
The term “qualified revitalization building” means any building (and its structural components) if—
(A) the building is placed in service by the taxpayer in a renewal community and the original use of the building begins with the taxpayer, or
(B) in the case of such building not described in subparagraph (A), such building—
(i) is substantially rehabilitated (within the meaning of section 47(c)(1)(C)) by the taxpayer, and
(ii) is placed in service by the taxpayer after the rehabilitation in a renewal community.
Source
- 2000–201726 U.S.C. § 1400IInternal Revenue Code · Commercial revitalization deduction · for purposes of this section