### Question
How is the term applicable section 38 credits defined?


### Answer
The term **applicable section 38 credits** is defined in *26 U.S.C. § 59A* as the following:

> the credit allowed under section 38 for the taxable year which is properly allocable to—


(A) the low-income housing credit determined under section 42(a),


(B) the renewable electricity production credit determined under section 45(a), and


(C) the investment credit determined under section 46, but only to the extent properly allocable to the energy credit determined under section 48

#### Citation:
  - *26 U.S.C. § 59A*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 1-NORMAL TAXES AND SURTAXES > Subchapter A-Determination of Tax Liability > PART VII-BASE EROSION AND ANTI-ABUSE TAX**

