related parties For purposes of subparagraph (A)(ii), the rules of subparagraph (A) of section 179(d)(2) shall be applied using the relationship described in subsection (e)(2) in lieu of the relationship described in such subparagraph. (5) Qualified hemp opportunity fund The term qualified hemp opportunity fund means any investment vehicle organized as a corporation or a partnership for the purpose of investing in qualified hemp opportunity zone property (other than another qualified hemp opportunity fund) that holds at least 90 percent of its assets in qualified hemp opportunity zone property, determined— (A) on the last day of the first 6-month period of the taxable year of the fund, and (B) on the last day of the taxable year of the fund. (6) Qualified hemp opportunity zone business (A) In general The term qualified hemp opportunity zone business means a trade or business— (i) in which substantially all of the tangible property owned or leased by the taxpayer is qualified hemp opportunity zone business property, (ii) which satisfies the requirements of paragraphs (2), (4), and (8) of section 1397C(b), and (iii) which is not described in section 144(c)(6)(B). (B) Special rule For purposes of subparagraph (A), tangible property that ceases to be a qualified hemp opportunity zone business property shall continue to be treated as a qualified hemp opportunity zone business property for the lesser of— (i) 5 years after the date on which such tangible property ceases to be so qualified, or (ii) the date on which such tangible property is no longer held by the qualified hemp opportunity zone business. (d) Applicable rules (1) In general For purposes of this section and except as otherwise provided in this section, rules similar to the rules applicable to deferred like kind exchanges under section 1031 shall apply except that reinvestment in qualified hemp opportunity zone property need not require an intermediary party. (2) Related persons For purposes of this subsection, persons are related to each other if such