### Question
How does the law define eligible property?


### Answer
Under *26 U.S.C. § 48C*, **eligible property** is defined as:

> any property—


(A) which is necessary for the production of property described in paragraph (1)(A)(i),


(B) which is—


(i) tangible personal property, or


(ii) other tangible property (not including a building or its structural components), but only if such property is used as an integral part of the qualified investment credit facility, and


  

(C) with respect to which depreciation (or amortization in lieu of depreciation) is allowable

#### Citation:
  - *26 U.S.C. § 48C*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 1-NORMAL TAXES AND SURTAXES > Subchapter A-Determination of Tax Liability > PART IV-CREDITS AGAINST TAX > Subpart E-Rules for Computing Investment Credit**

