Law Dictionary

The term "qualified birth or adoption distribution" means any distribution from an applicable eligible retirement plan to an individual if made during the 1-year period b

For purposes of this subsection, the term “qualified blind trust” includes any trust in which a reporting individual, the individual’s spouse, or any minor or dependent child has a

The term “qualified blood collector organization” has the meaning given such term by section 7701(a)(49). / The term “qualified blood collector organization” means an organization

For purposes of this subsection, the term “qualified blood collector vehicle” means a vehicle at least 80 percent of the use of which during the prior taxable period was by a quali

The term “qualified board or exchange” means— (A) a national securities exchange which is registered with the Securities and Exchange Commission, (B) a domestic board of trade desi

The term “qualified bond” means any obligation issued by the designated bonding authority at the direction of the Secretary, the net proceeds of which are loaned to an eligible ins

As used in this section, the term “qualified borrower” means any partnership, corporation, or other legal entity which (as determined by the Secretary of Energy) has presented sati

For purposes of subsection (a)(16), the term “qualified broadband project” means any project which— (A) is designed to provide broadband service solely to 1 or more census block gr

For purposes of clause (ii), the term “qualified building” means any building located— (I) in any county in which is located a qualified military installation to which the number o

The term “qualified bus” means— (i) an intercity or local bus, and (ii) a school bus.

Except as otherwise provided in this subsection, the term “qualified business” means any trade or business. / For purposes of this subsection, the term “qualified business” has the

The term “qualified business capitalization expenses” means qualified expenditures for the capitalization of a qualified business pursuant to a qualified plan.

For purposes of this section, the term "qualified business credits" means— (1) the investment credit determined under section 46 (but only to the extent attributable to p

Qualified business customer defined.—For purposes of this subsection, the term "qualified business customer" means a business which— (A) maintains a transaction account (

For purposes of this section, the term “qualified business entity” means, with respect to any taxable year, any corporation or partnership if for such year— (1) every trade or busi

The term "qualified business income" means, for any taxable year, the net amount of qualified items of income, gain, deduction, and loss with respect to any qualified tra

For purposes of clause (ii), the term “qualified business property” means any property if— (I) such property is used by the corporation in the active conduct of a trade or business

The term “qualified business unit” has the meaning given such term by section 989(a). / For purposes of this subpart, the term “qualified business unit” means any separate and clea

Except as provided in subparagraph (C), the term “qualified business use” means any use in a trade or business of the taxpayer.

The term "qualified buyer" means, with respect to a sale of a motor vehicle, a taxpayer— (A) who is an individual, (B) who purchases such vehicle for use and not for resa

a purchase, payment, distribution, loan, advance, deposit, or gift of money or of anything of value.

For purposes of this subsection, the term “qualified campus lodging” means lodging to which subsection (a) does not apply and which is— (A) located on, or in the proximity of, a ca

the term “qualified Canadian government obligations” means any debt obligation which is backed by Canada, any Province of Canada, or any political subdivision of any such Province

Except as otherwise provided in this subsection, the term “qualified capital gain” means any gain recognized on the sale or exchange of— (A) a capital asset, or (B) property used i

The term “qualified carbon dioxide” means carbon dioxide captured from an industrial source which— (A) would otherwise be released into the atmosphere as industrial emission of gre

For purposes of subsection (a)(17), the term “qualified carbon dioxide capture facility” means— (A) the eligible components of an industrial carbon dioxide facility, and (B) a dire

The term "qualified carbon oxide" means— (A) any carbon dioxide which— (i) is captured from an industrial source by carbon capture equipment which is originally placed in

For purposes of this subsection, the term “qualified Caribbean Basin country” means any beneficiary country (within the meaning of section 212(a)(1)(A) of the Caribbean Basin Econo

For purposes of clause (i), the term “qualified Caribbean Basin country investment” means any investment if— (I) the income from such investment is treated as qualified possession

Qualified carrier.—The term “qualified carrier” means an insurance company (or consortium of insurance companies) that is licensed to issue long-term care insurance in all States,

The term “qualified cash or deferred arrangement” has the meaning given such term by section 401(k)(2). / The term "qualified cash or deferred arrangement" has the meanin

For purposes of subparagraph (A), the term “qualified C corporation” means any corporation described in subparagraph (B) of subsection (a)(1) which is not— (i) a personal holding c

The term "qualified census tract" means a census tract that is covered by the definition of "qualified census tract" in section 42(d)(5)(B)(ii) of title 26 and

For purposes of this subparagraph, the term “qualified chain member” means, with respect to any controlled foreign corporation, any other corporation which is created or organized

For purposes of subparagraph (A), the term “qualified change in investment options” means, in connection with an individual account plan, a change in the investment options offered

For purposes of this paragraph, the term “qualified charitable distribution” means any distribution from an individual retirement plan (other than a plan described in subsection (k

The term “qualified charitable remainder trust” means a charitable remainder annuity trust or a charitable remainder unitrust (described in section 664). / For purposes of paragrap

For purposes of this subsection, the term “qualified charitable risk pool” means any organization— (A) which is organized and operated solely to pool insurable risks of its members

For purposes of this subchapter, the term “qualified check” means only a check (or other instrument which is redeemable in money) which is paid as a part of a patronage dividend, o

For purposes of this section, the term “qualified chemical security expenditure” means, with respect to any eligible agricultural business for any taxable year, any amount paid or

The term “qualified child care expenditure” means any amount paid or incurred— (i) to acquire, construct, rehabilitate, or expand property— (I) which is to be used as part of a qua

The term “qualified child care facility” means a facility— (i) the principal use of which is to provide child care assistance, and (ii) which meets the requirements of all applicab

The term “qualified child care resource and referral expenditure” means any amount paid or incurred under a contract to provide child care resource and referral services to an empl

In this subsection, the term “qualified CHIP look-alike program” means a State program— (A) under which children who are under the age of 19 and are not eligible to receive medical

For purposes of this subsection, the term “qualified church-controlled organization” means any church-controlled tax-exempt organization described in section 501(c)(3), other than

The term “qualified civil liability action” means a civil action or proceeding or an administrative proceeding brought by any person against a manufacturer or seller of a qualified

The term “qualified class” means any of the following: (i) All account beneficiaries who have not attained the age of 18 before the close of the calendar year in which the contribu

The term "qualified clean-fuel vehicle property" means property which is acquired for use by the taxpayer and not for resale, the original use of which commences with the

For purposes of this section, the term "qualified clean-fuel vehicle refueling property" means any property (not including a building and its structural components) if—

For purposes of this paragraph, the term “qualified clean hydrogen” has the meaning given such term by section 45V(c)(2). / The term "qualified clean hydrogen" means hydr

The term “qualified clean hydrogen production facility” means a facility— (A) owned by the taxpayer, (B) which produces qualified clean hydrogen, and (C) the construction of which

The term "qualified climate action plan" means a detailed and strategic plan that— (A) establishes goals, implementation strategies, and accounting and inventory practice

“qualified clinical social worker” means an individual— (A) who is licensed or certified as a clinical social worker by the State in which such individual practices; or (B) who, if

Except as otherwise provided in this paragraph, the term “qualified clinical testing expenses” means the amounts which are paid or incurred by the taxpayer during the taxable year

For purposes of this subsection, the term “qualified collective investment vehicle” means a foreign person— (i) which— (I) is eligible for benefits under the comprehensive income t

For purposes of this section, the term “qualified commercial clean vehicle” means any vehicle which— (1) meets the requirements of section 30D(d)(1)(C) and is acquired for use or l

For purposes of this paragraph, the term “qualified commercial financing” means any financing with respect to any property if— (I) such property is acquired by the taxpayer from a

The term “qualified community asset” means— (A) any qualified community stock, (B) any qualified community partnership interest, and (C) any qualified community business property.

The term “qualified community business property” means tangible property if— (i) such property was acquired by the taxpayer by purchase (as defined in section 179(d)(2)) after Dece

In this section, the term “qualified community care case manager” means a nonprofit or public agency or organization which— (A) has experience or has been trained in establishing,

The term “qualified community development entity” means any domestic corporation or partnership if— (A) the primary mission of the entity is serving, or providing investment capita

The term “qualified community partnership interest” means any capital or profits interest in a domestic partnership if— (A) such interest is acquired by the taxpayer after December

Except as provided in subparagraph (B), the term “qualified community stock” means any stock in a domestic corporation if— (i) such stock is acquired by the taxpayer after December

The term “qualified company” means a company (or consortium of companies or an employee organization defined under section 8901(8)) that offers indemnity, preferred provider organi

The term “qualified compensation” means compensation for services performed in the United States by actors, production personnel, directors, and producers.

For purposes of this paragraph, the term “qualified computer software” means software— (i) for which the software designer has certified that the software meets all procedures and

For purposes of this subparagraph, the term “qualified confidential information” means information which is subject to the nondisclosure provisions of any local law of the benefici

For purposes of subsection (f)(3)(B)(iii), the term “qualified conservation contribution” means a contribution— (A) of a qualified real property interest, (B) to a qualified organi

The term “qualified conservation easement” means a qualified conservation contribution (as defined in section 170(h)(1)) of a qualified real property interest (as defined in sectio

The term “qualified conservation loan” means a loan, the proceeds of which are used to cover the costs to the borrower of carrying out a qualified conservation project.

The term “qualified conservation project” means conservation measures that address provisions of a conservation plan of the eligible borrower.

The term "qualified consumer" means a consumer served by an eligible entity that has the ability to repay a loan made under subsection (d), as determined by the eligible

The term “qualified contaminated site” means any area— (A) which is held by the taxpayer for use in a trade or business or for the production of income, or which is property descri

For purposes of this subsection, the term “qualified contingency” means any provision of a trust which provides that, upon the happening of a contingency, the payments described in

For purposes of this section, the term “qualified continuing care facility” means 1 or more facilities— (i) which are designed to provide services under continuing care contracts,

“qualified contract” means a lease, sublease, loan agreement, installment sales contract, or similar instrument, entered into between a small business concern and any person. / For

The term "qualified contractor" means a contractor that is a citizen of the United States.

For purposes of subparagraph (A), the term “qualified contribution” means any contribution (of a type and quality acceptable to the eligible local education agency) of— (i) equipme

The term “qualified convention and trade show activity” means a convention and trade show activity carried out by a qualifying organization described in subparagraph (C) in conjunc

For purposes of this paragraph, the term “qualified cooperative housing corporation” means any cooperative housing corporation (as defined in section 216(b)(1)) if— (i) the conside

The term “qualified cord blood bank” means a cord blood bank that— (A) has obtained all applicable Federal and State licenses, certifications, registrations (including pursuant to

For purposes of clause (i), the term “qualified corporate partner” means any corporation if— (I) such corporation is a general partner in the partnership, (II) such corporation has

For purposes of subparagraph (A), the term "qualified corporation" means any corporation (including a predecessor corporation)— (i) with respect to which the taxpayer hol

Except as otherwise provided in this subsection, the term “qualified cost” means, with respect to any taxable year, the sum of— (A) the qualified direct cost for such taxable year,

For purposes of this paragraph, the term “qualified cost-of-living arrangement” means an arrangement under a defined benefit plan which— (i) provides a cost-of-living adjustment to

The term “qualified costs” means, with respect to any facility, those costs paid or incurred during the applicable period for compliance with the applicable EPA regulations with re

the term “qualified countermeasure” has the meaning given such term in section 247d–6a of title 42 ; / The terms “qualified countermeasure”, “security countermeasure”, and “qualifi

For purposes of subparagraph (A), the term “qualified covered call option” means any option granted by the taxpayer to purchase stock held by the taxpayer (or stock acquired by the

The term “qualified covered veteran” means a veteran described in section 4212(a)(3) of this title.

For purposes of this subsection, the term “qualified creative expense” means any expense— (A) which is paid or incurred by an individual in the trade or business of such individual

The terms “qualified crude oil production” and “qualified natural gas production” mean domestic crude oil or natural gas which is produced from a qualified marginal well.

The term “qualified current retiree liabilities” means, with respect to any taxable year, the aggregate amounts (including administrative expenses) which would have been allowable

The term “qualified data collection and reporting entity” means an entity with demonstrated expertise in data collection and reporting as described in section 3003(f)(2)(B) of this

the term “qualified data summary” means a summary of clinical data that demonstrates the safety and effectiveness of a drug with respect to a qualified indication. / In this subpar

the term “qualified debt” means indebtedness— (aa) that was incurred not less than 6 months before the date of the application for assistance under this subparagraph; (bb) that is

For purposes of this section, the term “qualified debt instrument” means any debt instrument given in consideration for the sale or exchange of property (other than new section 38

For purposes of this section, the term "qualified decedent" means— (1) any citizen or resident of the United States dying while in active service of the Armed Forces of t

The term “qualified deficit” means any deficit in earnings and profits of the controlled foreign corporation for any prior taxable year which began after December 31, 1986, and for

The term "qualified derivative payment" means any payment made by a taxpayer pursuant to a derivative with respect to which the taxpayer— (i) recognizes gain or loss as i

For purposes of this paragraph, the term “qualified designated distribution” means any distribution made by the investment company if— (i) section 301 applies to such distribution,