### Question
How does the law define qualified restaurant property?


### Answer
Under *26 U.S.C. § 168*, **qualified restaurant property** is defined as:

> any section 1250 property which is an improvement to a building if—


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


(B) more than 50 percent of the building's square footage is devoted to preparation of, and seating for on-premises consumption of, prepared meals

#### 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**

