### Question
Can you define what qualified second generation biofuel plant property means?


### Answer
**Qualified second generation biofuel plant property** is defined as the following in *26 U.S.C. § 168*:

> property of a character subject to the allowance for depreciation—


(A) which is used in the United States solely to produce second generation biofuel (as defined in section 40(b)(6)(E)),


(B) the original use of which commences with the taxpayer after the date of the enactment of this subsection,


(C) which is acquired by the taxpayer by purchase (as defined in section 179(d)) after the date of the enactment of this subsection, but only if no written binding contract for the acquisition was in effect on or before the date of the enactment of this subsection, and


(D) which is placed in service by the taxpayer before January 1, 2018

#### 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**

