### Question
What does eligible qualified property mean?


### Answer
**Eligible qualified property** has the following meaning in *26 U.S.C. § 168*:

> 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,


(ii) “April 1, 2008” shall be substituted for “January 1, 2008” in subparagraph (A)(iii)(I) thereof, and


(iii) only adjusted basis attributable to manufacture, construction, or production—


(I) after March 31, 2008, and before January 1, 2010, and


(II) after December 31, 2010, and before January 1, 2013,


  

 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**

