as an entity separate from its owner, section 248 were applied as if such entity were a corporation, and (3) subsection (f) of this section did not apply. (d) Qualified livestock processing facility partnership organizational expenditures For purposes of this section, the term qualified livestock processing facility partnership organizational expenditures means, with respect to any taxable year of any partnership substantially all of the gross receipts (within the meaning of section 448(c) of the Internal Revenue Code of 1986) of which are reasonably expected to be derived from a trade or business which slaughters livestock into meat or meat products, the amount which would be allowed as a deduction under section 709 with respect to such partnership for such taxable year if— (1) section 709(b)(1)(A)(ii) were applied— (A) by substituting $10,000 for $5,000 , and (B) by substituting $60,000 for $50,000 , and (2) subsection (f) of this section did not apply. (e) Livestock For purposes of this section, the term livestock means cattle, elk, reindeer, bison, deer, sheep, goats, swine, and poultry. (f) Denial of double benefit Any deduction or credit allowed under this title (other than this section) with respect to any qualified livestock processing facility start-up expenditures, qualified livestock processing facility corporate organizational expenditures, or qualified livestock processing facility partnership organizational expenditures shall be reduced by the amount of the credit determined under this section. (g) Recapture If any credit is allowed under this section to any taxpayer for any taxable year with respect to any trade or business of processing livestock (including with respect to any entity substantially all of the gross receipts of which are with respect to the trade or business of processing of livestock) and such trade or business ceases to be conducted during the 3-taxable-year period following the taxable in which such credit is so allowed, the tax imposed under this chapter on such taxpayer for