us/statute/26/139L/d/3

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by treating any qualified real estate loan for purposes of subsection (a)(2) thereof as an obligation the interest on which is wholly exempt from the taxes imposed by this subtitle,

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by substituting “25 percent of the interest on indebtedness” for “Interest on indebtedness” in such subsection (a)(2),

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by treating 25 percent of the adjusted basis of any qualified real estate loan as adjusted basis of a tax-exempt obligation described in subsection (b)(4)(B) thereof, and

(4)#

by substituting “25 percent of the amount of such indebtedness” for “the amount of such indebtedness” in subsection (b)(6)(A)(a)(ii) 1 1 So in original. Probably should be “(b)(6)(A)(ii)”. thereof.

Coordination with section 265

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Coordination with section 265

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