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


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

> any property which—


(i) is not tax-exempt use property for the taxable year, but


(ii) was tax-exempt use property for any prior taxable year

#### 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**

