### Question
What does qualified reuse and recycling property mean?


### Answer
**Qualified reuse and recycling property** has the following meaning in *26 U.S.C. § 168*:

> any reuse and recycling property—


(i) to which this section applies,


(ii) which has a useful life of at least 5 years,


(iii) the original use of which commences with the taxpayer after August 31, 2008, and


(iv) which is—


(I) acquired by purchase (as defined in section 179(d)(2)) by the taxpayer after August 31, 2008, but only if no written binding contract for the acquisition was in effect before September 1, 2008, or


(II) acquired by the taxpayer pursuant to a written binding contract which was entered into after August 31, 2008

#### 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**

