3 months after the date such property was originally placed in service, such property shall be treated as originally placed in service not earlier than the date on which such property is used under the leaseback. (c) Recapture Rules similar to the rules under section 179(d)(10) shall apply with respect to any qualified zone property which ceases to be used in an empowerment zone by an enterprise zone business. II Definitions Sec. 1400V–6. Economic Freedom Zone. 1400V–6. Economic freedom zone For purposes of this subchapter, the term Economic Freedom Zone means any area which is an Economic Freedom Zone under title II of the Economic Freedom Zone Act. . (b) Clerical amendment The table of subchapters for chapter 1 of such Code is amended by inserting after the item relating to subchapter Y the following new item: SUBCHAPTER Z—Economic Freedom Zones . (c) Effective date The amendments made by this section shall apply to taxable years beginning after the date of the enactment of this Act. IV Federal regulatory reductions 401. Suspension of certain laws and regulations (a) Environmental protection agency For each area designated as an Economic Freedom Zone under this Act, the Administrator of the Environmental Protection Agency shall not enforce, with respect to that Economic Freedom Zone, and the Economic Freedom Zone shall be exempt from compliance with— (1) part D of the Clean Air Act ( 42 U.S.C. 7501 et seq.) (including any regulations promulgated under that part)