### Question
What is the definition of extended use period?


### Answer
The definition of **extended use period** is as follows in *26 U.S.C. § 42*:

> the period—


(i) beginning on the 1st day in the compliance period on which such building is part of a qualified low-income housing project, and


(ii) ending on the later of—


(I) the date specified by such agency in such agreement, or


(II) the date which is 15 years after the close of the compliance period

#### Citation:
  - *26 U.S.C. § 42*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 1-NORMAL TAXES AND SURTAXES > Subchapter A-Determination of Tax Liability > PART IV-CREDITS AGAINST TAX > Subpart D-Business Related Credits**

