The term qualified property means property— (A) which is— (i) tangible personal property, or (ii) other tangible property (not including a building or its structural components), but only if such property is used as an integral part of the qualified facility, (B) with respect to which depreciation (or amortization in lieu of depreciation) is allowable, (C) which is constructed, reconstructed, erected, or acquired by the taxpayer, and (D) the original use of which commences with the taxpayer. (3) Qualified facility For purposes of this section, the term qualified facility means a facility which is— (A) (i) used for the generation of electricity from qualified energy resources (as such term is defined in section 45(c)(1)), or (ii) described in section 638(a)(1) of the Energy Policy Act of 2005 ( 42 U.S.C. 16014(a)(1) ), and (B) originally placed in service after December 31, 2020. (c) Qualified investment with respect to qualified carbon capture and sequestration equipment (1) In general For purposes of subsection (a)(2), the qualified investment with respect to qualified carbon capture and sequestration equipment for any taxable year is the basis of any qualified carbon capture and sequestration equipment placed in service by the taxpayer during such taxable year. (2) Qualified carbon capture and sequestration equipment The term qualified carbon capture and sequestration equipment means property— (A) installed at a facility placed in service before January 1, 2021, which— (i) produces electricity, or (ii) emits greenhouse gases as a result of industrial processes, (B) which results in the elimination of carbon dioxide emissions from the facility through the capture and disposal or utilization of qualified carbon dioxide (as defined in paragraph (3)), (C) with respect to which depreciation is allowable, (D) which is constructed, reconstructed, erected, or acquired by the taxpayer, and (E) the original use of which commences with the taxpayer. (3) Qualified carbon dioxide The term qualified carbon dioxide means