### Question
How is the term qualified revitalization expenditure defined?


### Answer
The term **qualified revitalization expenditure** is defined in *26 U.S.C. § 1400I* as the following:

> any amount properly chargeable to capital account for property for which depreciation is allowable under section 168 (without regard to this section) and which is—


(i) nonresidential real property (as defined in section 168(e)), or


(ii) section 1250 property (as defined in section 1250(c)) which is functionally related and subordinate to property described in clause (i)

#### Citation:
  - *26 U.S.C. § 1400I*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 1-NORMAL TAXES AND SURTAXES > Subchapter X-Renewal Communities > PART III-ADDITIONAL INCENTIVES**

