percentage is: Not over $250,000 5 percent 10 percent 15 percent Over $250,000 but not over $1,000,000 7.5 percent 12.5 percent 17.5 percent Over $1,000,000 10 percent 15 percent 20 percent. (3) Increased credit for property located in economically disadvantaged areas (A) In general If the manufacturing property is located in an economically disadvantaged area, each of the percentages under paragraphs (1) and (2) shall be increased by 5 percentage points. (B) Extremely economically disadvantaged areas If the manufacturing property is located in an extremely economically disadvantaged area, each of the percentages under paragraphs (1) and (2) shall, in lieu of an increase under subparagraph (A), be increased by 10 percentage points. (C) Economically disadvantaged areas For purposes of this paragraph— (i) In general The term economically disadvantaged area means any area— (I) for which there is a single 5-digit postal zip code, and (II) which includes any portion of a census tract in which the median annual household income is less than $40,000 per year. (ii) Extremely economically disadvantaged areas The term extremely economically disadvantaged area means any area which would be described in clause (i) if $32,000 were substituted for $40,000 in subclause (II) thereof. (iii) Household income Median annual household income shall be determined using the 2010 census, as updated by the American Community Survey of the Bureau of the Census. (iv) Areas not within census tracts In the case of an area which is not tracted for population census tracts, the equivalent county divisions (as defined by the Bureau of the Census for purposes of defining poverty areas) shall be used for purposes of determining median annual household income. (c) Manufacturing property For purposes of this section— (1) Manufacturing property (A) In general The term manufacturing property means tangible property used in the United States in the trade or business of manufacturing tangible personal property. (B) Manufacturing of residential real