### Question
How is the "eligible qualified property" defined?


### Answer
The term **eligible qualified property** is defined in *26 U.S.C. § 168* as follows -

> qualified property under paragraph (2), except that in applying paragraph (2) for purposes of this paragraph—


(i) “March 31, 2008” shall be substituted for “December 31, 2007” each place it appears in subparagraph (A) and clauses (i) and (ii) of subparagraph (E) thereof, and


(ii) only adjusted basis attributable to manufacture, construction, or production after March 31, 2008, and before January 1, 2009, shall be taken into account under subparagraph (B)(ii) thereof

#### 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**

