place it appears and inserting January 1, 2023 , and (5) in subparagraph (E)(i), by striking January 1, 2020 and replacing it with January 1, 2023 . (c) Application to used property (1) In general Section 168(k)(2)(A)(ii) is amended to read as follows: (ii) the original use of which begins with the taxpayer or the acquisition of which by the taxpayer meets the requirements of clause (ii) of subparagraph (E), and . (2) Acquisition requirements Section 168(k)(2)(E)(ii) is amended to read as follows: (ii) Acquisition requirements An acquisition of property meets the requirements of this clause if— (I) such property was not used by the taxpayer at any time prior to such acquisition, and (II) the acquisition of such property meets the requirements of paragraphs (2)(A), (2)(B), (2)(C), and (3) of section 179(d). , (3) Anti-abuse rules Section 168(k)(2)(E) is further amended by amending clause (iii)(I) to read as follows: (I) property is used by a lessor of such property and such use is the lessor’s first use of such property, . (d) Exception for certain trades and businesses not subject to limitation on interest expense Section 168(k)(2), as amended by section 2001, is amended by inserting after subparagraph (F) the following new subparagraph: (G) Exception for property of certain businesses not subject to limitation on interest expense The term qualified property shall not include any property used in— (i) a trade or business described in subparagraph (B) or (C) of section 163(j)(7), or (ii) a trade or business that has had floor plan financing indebtedness (as defined in paragraph (9) of section 163(j)), if the floor plan financing interest related to such indebtedness was taken into account under paragraph (1)(C) of such section. . (e) Coordination with section 280F Section 168(k)(2)(F) is amended— (1) by striking $8,000 in clauses (i) and (iii) and inserting $16,000 , and (2) in clause (iii)— (A) by striking placed in service by the taxpayer after December 31, 2017 and inserting acquired by the taxpayer before