adjusted qualifying income

Defined in 1 dictionary — U.S. Code

United States Code

26 U.S.C. § 143 — for purposes of this section (6 versions over time)

For purposes of paragraph (4), the term “adjusted qualifying income” means the product of—

(i) the highest family income which (as of the date the financing was provided) would have met the requirements of subsection (f) with respect to the residents, and

(ii) 1.05 to the nth power where “n” equals the number of full years during the period beginning on the date the financing was provided and ending on the date of the disposition.