of credit under subparagraph (A) with respect to a smaller project shall be treated as the taxpayer with respect to the smaller project for purposes of section 50. (E) Information reporting The transferor and the transferee shall each make such reports regarding the transfer of an amount of credit under paragraph (A) and containing such information as the Secretary may require. The reports required by this subsection shall be filed at such time and in such manner as may be required by the Secretary. (F) Regulations The Secretary shall prescribe regulations or other guidance to carry out this paragraph. . (b) Effective date The amendments made by this section shall apply to periods after the date of the enactment of this Act. 4. Increasing the type of buildings eligible for rehabilitation (a) In general Section 47(c)(1)(C)(i)(I) of the Internal Revenue Code of 1986 is amended by inserting 50 percent of before the adjusted basis . (b) Effective date The amendment made by subsection (a) shall apply to taxable years beginning after the date of the enactment of this Act. 5. Reduction of basis adjustment for rehabilitation property (a) In general Section 50(c) of the Internal Revenue Code of 1986 is amended by adding at the end the following: (6) Special rule relating to the rehabilitation credit In the case of any rehabilitation credit— (A) only 50 percent of such credit shall be taken into account under paragraph (1), and (B) only 50 percent of any recapture amount attributable to such credit shall be taken into account under paragraph (2). . (b) Coordination with basis adjustment Section 50 of such Code is amended by adding at the end the following: (e) Coordination with basis adjustment In applying the provisions of former section 48(d)(5)(B) pursuant to subsection (d)(5) to a lease of property eligible for the rehabilitation tax credit, the lessee of such property shall include ratably in gross income over the shortest recovery period that could be applicable under section 168 with respect to such property an