The COVID–19 hospital facility expenditures taken into account under this section by any eligible hospital shall be reduced by any amounts provided by any Federal, State, or local government for purposes of making or reimbursing such expenditures. (e) Special rules (1) Denial of double benefit For purposes of the Internal Revenue Code of 1986— (A) the basis of any property with respect to which a credit is allowed under this section shall be reduced by the amount of such credit, and (B) such reduction shall be taken into account before determining the amount of any deduction, or allowance for depreciation or amortization, with respect to such property for purposes of such Code. (2) Recapture of gain If an eligible hospital disposes of any property with respect to which a credit was allowed under this section and any gain is determined on such disposition under section 1001 of such Code, the tax imposed under chapter 1 of such Code on such hospital shall be increased by the amount of such gain. The preceding sentence shall apply without regard to whether such eligible hospital is otherwise exempt from, or not subject to, the taxes otherwise imposed under such chapter. (3) Documentation No credit shall be allowed under this section unless the employer maintains such documentation as the Secretary of the Treasury (or the Secretary’s delegate) may prescribe to establish such employer’s eligibility for the credit allowed under this section (and the amount thereof). (4) Election not to have section apply This section shall not apply with respect to any employer for any calendar quarter if such employer elects (at such time and in such manner as the Secretary of the Treasury (or the Secretary’s delegate) may prescribe) not to have this section apply. (5) Certain terms Any term used in this section which is also used in chapter 21 of such Code shall have the same meaning as when used in such chapter. (f) Regulations The Secretary of the Treasury (or the Secretary’s delegate) shall prescribe such regulations or other