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. 90306

Sec. 90306. Modifications regarding certain tax-exempt use property

94 words·~1 min read·/bill/116/hr/2/eh/section-90306

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Section 47(c)(2)(B)(v) is amended by adding at the end the following new subclause: For purposes of subclause (I), except in the case of a tax-exempt entity described in section 168(h)(2)(A)(i) (determined without regard to the last sentence of section 168(h)(2)(A)), the determination of whether property is tax-exempt use property shall be made under section 168(h) without regard to whether the property is leased in a disqualified lease (as defined in section 168(h)(1)(B)(ii)). . The amendments made by this section shall apply to leases entered into after the date of the enactment of this Act.