product. (3) Self-employed individual treated as employee For purposes of paragraph (1)(A), the term employee includes an individual described in section 401(c)(1). (c) Eligible property For purposes of this section— (1) In general The term eligible property means— (A) any qualifying production facility— (i) (I) the construction, reconstruction, or erection of which is completed by the taxpayer, or (II) which is acquired by the taxpayer by purchase (as defined in section 179(d)(2)), and (ii) for which a deduction is allowable under section 167, and (B) any personal property— (i) which is placed in service within 12 months of the date on which a qualifying production facility for which a credit is allowed under subsection (a) is placed in service, (ii) which is used exclusively at such qualifying production facility primarily for the production of a qualifying product, and (iii) for which a deduction is allowable under section 167. (2) Special rule for leased facilities In the case of any of a qualifying production facility which is leased by the taxpayer, paragraph (1)(B) shall be applied by substituting the date on which the qualifying production facility was first leased by the taxpayer for the date on which a qualifying production facility for which a credit is allowed under subsection (a) is placed in service in clause (i). (d) Other definitions For purposes of this section— (1) Qualifying production facility The term qualifying production facility means any facility which— (A) is used to produce qualifying products, and (B) is designated by the taxpayer as a qualifying production facility for purposes of this section at such time and in such manner as the Secretary shall prescribe. (2) Qualifying product The term qualifying product means any of the following: (A) Tangible personal property. (B) Computer software (as defined in section 167(f)(1)(B)). (C) Property described in section 168(f)(3). (D) Property described in section 168(f)(4). (E) Food and beverages which are prepared by the taxpayer but not