eligible property

(2) Eligible property The term “eligible property” means any property— (A) which is necessary for— (i) the production or recycling of property described in clause (i) of paragraph (1)(A), (ii) re-equipping an industrial or manufacturing facility described in clause (ii) of such paragraph, or (iii) re-equipping, expanding, or establishing an industrial facility described in clause (iii) of such paragraph, (B) which is— (i) tangible personal property, or (ii) other tangible property (not including a building or its structural components), but only if such property is used as an integral part of the qualified investment credit facility, and (C) with respect to which depreciation (or amortization in lieu of depreciation) is allowable.

Source

26 USC § 48C(c)(2)

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Scoping language

None identified, default scope is assumed to be the parent (subpart E) of this section.

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