Sec. 203. Tax-exempt bond financing requirement
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Subparagraph
(B)of section 42(h)(4) of the Internal Revenue Code of 1986 is amended by adding at the end the following: The preceding sentence shall be applied by substituting . 25 percent for 50 percent in the case of any building which is financed by any obligation issued in calendar year 2021, 2022, 2023, or 2024 (and not by any previously issued obligation). The amendment made by this section shall apply to buildings placed in service in taxable years beginning after December 31, 2021.