Code · BILL · 116th Congress · H.R. 2 (Engrossed in House) — To authorize funds for Federal-aid highways, highway safety programs, and transit programs, and for other purposes. · Sec. 90303

Sec. 90303. Modification of definition of substantially rehabilitated

66 words·~1 min read·/bill/116/hr/2/eh/section-90303

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

Section 47(c)(1)(B)(i)(I) is amended by inserting 50 percent of before the adjusted basis . The amendment made by subsection

(a)shall apply to determinations with respect to 24-month periods (referred to in clause

(i)of section 47(c)(1)(B) of the Internal Revenue Code of 1986) and 60-month periods (referred to in clause

(ii)of such section) which begin after the date of the enactment of this Act.