each make such reports regarding the transfer of an amount of credit under subparagraph (A), and containing such information, as the Secretary may require. The reports required by this subparagraph shall be filed at such time and in such manner as may be required by the Secretary. . (b) Effective date The amendment made by this section shall apply to periods after December 31, 2016. 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 December 31, 2016. 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 Subsection (d) of section 50 of the Internal Revenue Code of 1986 is amended by adding at the end the following new sentence: For purposes of paragraph (5), in applying the provisions of section 48(d)(5)(B) (as so in effect) to a lease of property eligible for the credit under section 47, gross income of the lessee of such property shall include, ratably over the shortest recovery period applicable to such property under section 168, an amount equal to 50 percent of the amount of the credit allowable under section 38 to such lessee with respect to such property. . (c) Effective date The amendments made by this section shall apply to taxable years beginning after the date of the enactment of this Act. 6. Modifications regarding certain tax-exempt use property (a) In general Section 47(c)(2)(B)(v)(I) of