investor for the purposes of sections 230.500 through 230.508 of title 17, Code of Federal Regulations (or successor regulations), consistent with the goals of promoting capital formation and ensuring qualifying Indian tribes have the ability to withstand investment loss, on a basis comparable to other legal entities that qualify as accredited investors who are not natural persons. 5. Making permanent the Indian employment credit and depreciation rules for business property on Indian reservations (a) Indian employment credit (1) In general Section 45A of the Internal Revenue Code of 1986 is amended by striking subsection (f). (2) Effective date The amendment made by this subsection shall apply to taxable years beginning after December 31, 2016. (b) Accelerated depreciation for business property on an Indian reservation (1) In general Section 168(j) of the Internal Revenue Code of 1986 is amended by striking paragraph (9). (2) Effective date The amendment made by this subsection shall apply to property placed in service after December 31, 2017. 6. Priority under new markets tax credit for qualified low-income community investments on Indian reservations (a) In general Paragraph (2) of section 45D(f) of the Internal Revenue Code of 1986 is amended by striking or at the end of subparagraph (A), by striking the period at the end of subparagraph (B) and inserting , or , and by adding at the end the following new subparagraph: (C) which intends to make qualified low-income community investments within a reservation, including any such entity established by a tribe or an economic enterprise which intends to make such investments within a reservation. . (b) Definitions Section 45D(f) of such Code is amended by adding at the end the following: (4) Definitions For purposes of subparagraph (C) of paragraph (2), the terms reservation , tribe , and economic enterprise shall have the same meanings given such terms under section 3 of the Indian Financing Act of 1974 ( 25 U.S.C. 1452 ). . (c) Effective date The amendments made