MODIFICATION OF DEFINITION OF TAX-EXEMPT USE PROPERTY FOR PURPOSES OF THE REHABILITATION CREDIT.

SEC. 3025. MODIFICATION OF DEFINITION OF TAX-EXEMPT USE PROPERTY FOR PURPOSES OF THE REHABILITATION CREDIT.(a) In General.—Subclause (I) of section 47(c)(2)(B)(v) is amended by striking “section 168(h)” and inserting “section 168(h), except that ‘50 percent’ shall be substituted for ‘35 percent’ in paragraph (1)(B)(iii) thereof”.(b) Effective Date.—The amendments made by this section shall apply to expenditures properly taken into account for periods after December 31, 2007.