of this section— (1) Business-related property The term business-related property means property which is— (A) held by the taxpayer for use in a trade or business or for the production of income, or (B) described in section 1221(a)(1) in the hands of the taxpayer. (2) Federally declared disaster The term federally declared disaster has the meaning given such term by section 165(i)(5)(A). (d) Deduction recaptured as ordinary income on sale, etc Solely for purposes of section 1245, in the case of property with respect to which a qualified disaster expense would have been capitalized but for this section— (1) the deduction allowed by this section for such expense shall be treated as a deduction for depreciation, and (2) such property (if not otherwise section 1245 property) shall be treated as section 1245 property solely for purposes of applying section 1245 to such deduction. (e) Coordination with other provisions Sections 198, 280B, and 468 shall not apply to amounts which are treated as expenses not chargeable to capital account under this section. (f) Regulations The Secretary shall prescribe such regulations as may be necessary or appropriate to carry out the purposes of this section. (g) Termination This section shall not apply to amounts paid or incurred after December 31, 2023. . (b) Clerical amendment The table of sections for part VI of subchapter B of chapter 1 of the Internal Revenue Code of 1986 is amended by inserting after the item relating to section 198 the following item: Sec. 198A. Expensing of qualified disaster expenses. . (c) Effective date The amendments made by this section shall apply to amounts paid or incurred after the date of the enactment of this Act. 102. Net operating losses attributable to disasters (a) In general Section 172(b)(1) of the Internal Revenue Code of 1986 is amended by adding at the end the following: (G) Certain losses attributable to federally declared disasters In the case of a taxpayer who has a qualified disaster loss (as defined in subsection (i)), such loss