### Question
How is the "tax-exempt use property" defined?


### Answer
The term **tax-exempt use property** is defined in *26 U.S.C. § 470* as follows -

> given to such term by section 168(h), except that such section shall be applied—


(A) without regard to paragraphs (1)(C) and (3) thereof, and


(B) as if property described in—


(i) section 167(f)(1)(B),


(ii) section 167(f)(2), and


(iii) section 197 intangible,


  

were tangible property.

#### Citation:
  - *26 U.S.C. § 470*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 1-NORMAL TAXES AND SURTAXES > Subchapter E-Accounting Periods and Methods of Accounting > PART II-METHODS OF ACCOUNTING > Subpart C-Taxable Year for Which Deductions Taken**

