or Bank shall be exempt from all taxation imposed by the United States, by any territory, dependency, or possession thereof, or by any State, county, municipal, or local taxing authority, except that any real property of the Holding Company and the Bank shall be subject to State, territorial, county, municipal, or local taxation to the same extent according to its value as other real property is taxed. 9. Infrastructure Bank Holding Company credit (a) In general Subpart D of part IV of subchapter A of chapter 1 of the Internal Revenue Code of 1986 is amended— (1) by adding at the end the following new section: 45U. Infrastructure Bank Holding Company credit (a) In general For purposes of section 38, in the case of a taxpayer who holds a qualified Holding Company equity investment on a credit allowance date of such investment which occurs during the taxable year, the Infrastructure Bank Holding Company credit determined under this section for such taxable year is an amount equal to 10 percent of the amount paid to the Holding Company for such investment at its original issue. (b) Credit allowance date For purposes of this section, the credit allowance date with respect to any qualified Holding Company equity investment is— (1) the date on which such investment is initially made