location, or (2) is more than 100 miles from the prior location. (e) Special rules (1) Credit not allowable if remediation deduction claimed This section shall not apply to any property located on a site with respect to which the taxpayer (or a related party) is allowed a deduction under section 198 (relating to expensing of environmental remediation costs). (2) Basis adjustment For purposes of this subtitle, if a credit is allowed under this section for an expenditure related to property, the basis of such property shall be reduced by the amount of such credit. (3) Controlled groups For purposes of this section, all persons treated as a single employer under subsection (a) or (b) of section 52 or subsection (m) or (o) of section 414 shall be treated as a single taxpayer. . (b) Inclusion as part of investment credit Section 46 of such Code is amended by striking and at the end of paragraph (5), by striking the period at the end of paragraph (6) and inserting , and , and by adding at the end the following new paragraph: (7) the manufacturing recovery credit. . (c) Conforming amendments (1) Section 49(a)(1)(C) of such Code is amended— (A) by striking ‘‘and’’ at the end of clause (v), (B) by striking the period at the end of clause (vi) and inserting ‘‘, and’’, and (C) by adding at the end the following new clause: (vii) the basis of any property which is manufacturing property under section 48E. . (2) The table of sections for subpart E of part IV of subchapter A of chapter 1 of such Code is amended by inserting after the item relating to section 48D the following new item: Sec. 48E. Acquisition of manufacturing property. . (d) Effective date The amendments made by this section shall apply to property placed in service after the date of the enactment of this Act in taxable years ending after such date. 3. Incentives for hiring manufacturing recovery employees (a) In general Paragraph (1) of section 51(d) of the Internal Revenue Code of 1986 is amended by striking or at the end of subparagraph (I), by striking the