; except that, for purposes of this clause, the phrase 80 percent or more shall be substituted for the phrase more than 50 percent each place it appears in such subsection and rules similar to the rules of subsections (c) and (e) (other than paragraphs (4) and (5) thereof) shall apply. . (c) Conforming amendment Section 45L(d) is amended by striking subsection (c) both places it appears and inserting subsection (b)(5) or (c) . (d) Effective Date The amendments made by this section shall apply to property placed in service after December 31, 2015. 3. Elimination of basis reduction for low-income housing properties receiving certain energy benefits (a) New energy efficient home credit Subsection (e) of section 45L of the Internal Revenue Code of 1986 is amended— (1) by striking adjustment .—For purposes and inserting “ adjustment .— (1) In general For purposes ; and (2) by adding at the end the following new paragraph: (2) Exception for low-income housing properties Paragraph (1) shall not apply to any property with respect to which a credit is allowed under section 42. . (b) Energy efficient commercial buildings deduction Subsection (e) of section 179D of the Internal Revenue Code of 1986 is amended— (1) by striking reduction .—For purposes and inserting “ reduction .— (1) In general For purposes ; and (2) by adding at the end the following new paragraph: (2) Exception for low-income housing properties Paragraph (1) shall not apply to any property with respect to which a credit is allowed under section 42. . (c) Energy credit Paragraph (3) of section 50(c) of the Internal Revenue Code of 1986 is amended— (1) by striking and at the end of subparagraph (A); (2) by striking the period at the end of subparagraph (B) and inserting , and