### Question
What is the definition of qualified retail improvement property?


### Answer
The definition of **qualified retail improvement property** is as follows in *26 U.S.C. § 168*:

> any improvement to an interior portion of a building which is nonresidential real property if—



(i) such portion is open to the general public and is used in the retail trade or business of selling tangible personal property to the general public, and



(ii) such improvement is placed in service more than 3 years after the date the building was first placed in service

#### Citation:
  - *26 U.S.C. § 168*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 1-NORMAL TAXES AND SURTAXES > Subchapter B-Computation of Taxable Income > PART VI-ITEMIZED DEDUCTIONS FOR INDIVIDUALS AND CORPORATIONS**

