Law Dictionary

The term "qualified direct air capture facility" means any facility that— (I) uses carbon capture equipment to capture carbon dioxide directly from the ambient air; and (

The term “qualified direct cost” means, with respect to any taxable year, the aggregate amount (including administrative expenses) which would have been allowable as a deduction to

The term “qualified direct donor” means a retail grocer, wholesaler, agricultural producer, agricultural processor, agricultural distributor, restaurant, caterer, school food autho

The term "qualified disability expenses" means any expenses related to the eligible individual's blindness or disability which are made for the benefit of an eligible ind

For purposes of clause (i), the term “qualified disability trust” means any trust if— (I) such trust is a disability trust described in subsection (c)(2)(B)(iv) of section 1917 of

The term “qualified disabled and working individual” means an individual— (1) who is entitled to enroll for hospital insurance benefits under part A of subchapter XVIII under secti

For purposes of this section, the term "qualified disaster" means— (1) a disaster which results from a terroristic or military action (as defined in section 692(c)(2)), (

Subject to clause (ii), the term "qualified disaster area" means any census tract or nonmetropolitan county located in an area where a major disaster has occurred or an a

For purposes of this section, the term “qualified disaster expense” means any expenditure— (1) which is paid or incurred in connection with a trade or business or with business-rel

For purposes of this section, the term “qualified disaster mitigation payment” means any amount which is paid pursuant to the Robert T. Stafford Disaster Relief and Emergency Assis

Except as provided in subparagraph (B), the term "qualified disaster recovery distribution" means any distribution made— (i) on or after the first day of the incident per

For purposes of this section, the term "qualified disaster relief payment" means any amount paid to or for the benefit of an individual— (1) to reimburse or pay reasonabl

For purposes of clause (i), subject to clause (iii), the term "qualified discharge" means a discharge classified with a diagnosis-related group (described in clause (iii)

For purposes of subsection (a), the term "qualified disclaimer" means an irrevocable and unqualified refusal by a person to accept an interest in property but only if— (1

For purposes of this section, the term “qualified distressed community” means any neighborhood or community which— (A) meets the minimum area requirements under paragraph (3) and t

The term “qualified distribution” means any qualified Katrina distribution, any qualified Rita distribution, and any qualified Wilma distribution. / the term "qualified distri

The term “qualified dividend income” means dividends received during the taxable year from— (I) domestic corporations, and (II) qualified foreign corporations. / For purposes of th

For purposes of paragraph (1), the term “qualified domestic corporation” means a domestic corporation— (A) which is an existing credit claimant with respect to Puerto Rico, and (B)

The term “qualified domestic relations order” means a domestic relations order— (i) which creates or recognizes the existence of an alternate payee's right to, or assigns to an alt

For purposes of this section and section 2056(d), the term "qualified domestic trust" means, with respect to any decedent, any trust if— (1) the trust instrument— (A) exc

For purposes of this subsection, the term “qualified donee income” means any net income received by or accrued to the donee which is properly allocable to the qualified intellectua

The term “qualified dwelling” means any— (A) house, (B) apartment, (C) condominium, or (D) mobile home not used on a transient basis (within the meaning of section 7701(a)(19)(C)(v

For purposes of this subsection, the term “qualified educational programming source” means a programming source which devotes substantially all of its programming to educational or

In this subsection, the term “qualified education benefit” means— (A) a qualified tuition program (as defined in section 529(b)(1)(A) of title 26 ) or other prepaid tuition plan of

The term “qualified education expenses” means— (i) qualified higher education expenses (as defined in section 529(e)(3)), and (ii) qualified elementary and secondary education expe

The term “qualified education loan” means any indebtedness incurred by the taxpayer solely to pay qualified higher education expenses— (A) which are incurred on behalf of the taxpa

For purposes of this subparagraph, the term “qualified election period” means the 6-plan-year period beginning with the later of— (I) the 1st plan year in which the individual firs

One entitled to vote.

The term “qualified electric transportation project” means an electric transportation technology project that would significantly reduce emissions of criteria pollutants, greenhous

For purposes of this subsection, the term “qualified electric utility” means a person that, as of the date of the qualifying electric transmission transaction, is vertically integr

The term "qualified electrification project" means a project that— (i) includes the purchase and installation of— (I) an electric heat pump water heater; (II) an electric

The term “qualified electronic health record” means an electronic record of health-related information on an individual that— (A) includes patient demographic and clinical health i

The term "qualified elementary and secondary education expenses" means— (i) expenses for tuition, fees, academic tutoring, special needs services in the case of a special

The term “qualified elementary or secondary education expense” means any expense of an eligible student which is described in section 530(b)(3)(A).

The term "qualified eligible institution" means the eligible institution described in subparagraph (B)(i). / The term "qualified eligible institution" means the

The term “qualified emission reduction” means a reduction of at least 20 percent of the emissions of nitrogen oxide and at least 40 percent of the emissions of either sulfur dioxid

the term “qualified employee” means an employee as described in subsection (b). / The term “qualified employee” means, with respect to a cafeteria plan, any employee who is not a h

The term “qualified employee discount” means any employee discount with respect to qualified property or services to the extent such discount does not exceed— (A) in the case of pr

The term “qualified employee health insurance costs” means any amount paid or incurred by an employer for health insurance to the extent such amount is attributable to coverage pro

For purposes of this subparagraph, the term “qualified employee-owner” means any individual who is an employee-owner of the corporation (as defined in section 269A(b)(2)) and who i

For purposes of this chapter, the term “qualified employee trust” means, with respect to a small business concern, a trust— (A) which forms part of an employee stock ownership plan

For purposes of this section, the term “qualified employer” means any employer with a trade or business located in the Gulf Opportunity Zone. / The term “qualified employer” means,

For purposes of this subsection, the term “qualified employer plan” means a plan, contract, pension, or account described in section 219(g)(5). / For purposes of this subsection, t

For purposes of this paragraph, the term “qualified employer retirement plan” means any plan or contract described in paragraph (1), (2), or (3) of section 4974(c).

“qualified employer securities” means common stock issued by the recipient corporation or by a parent or subsidiary of such corporation with voting power and dividend rights no les

Subject to clause (ii), in this paragraph, the term “qualified employer-sponsored coverage” means a group health plan or health insurance coverage offered through an employer— (I)

The term “qualified empowerment zone” means, with respect to a State, an area— (A) which has been designated (other than by the Secretary of the Interior) as an empowerment zone un

The term “qualified empowerment zone asset” means any property which would be a qualified community asset (as defined in section 1400F) 1 if in section 1400F 1— (i) references to e

The term “qualified energy conservation measure” means a cost effective measure, as identified by the Administrator in consultation with the Secretary of Energy, that increases the

The term “qualified energy efficiency improvements” means any energy efficient building envelope component, if— (A) such component is installed in or on a dwelling unit located in

The term “qualified energy efficient appliance” means— (A) any dishwasher described in subsection (b)(1), (B) any clothes washer described in subsection (b)(2), and (C) any refrige

The term “qualified energy property” means any of the following: (A) Any of the following which meet or exceed the highest efficiency tier (not including any advanced tier) establi

The term “qualified energy resources” means— (A) wind, (B) closed-loop biomass, (C) open-loop biomass, (D) geothermal energy, (E) solar energy, (F) small irrigation power, (G) muni

The term “qualified enhanced oil or natural gas recovery project” has the meaning given the term “qualified enhanced oil recovery project” by section 43(c)(2), by substituting “cru

The term “qualified enhanced oil recovery costs” means any of the following: (A) Any amount paid or incurred during the taxable year for tangible property— (i) which is an integral

The term “qualified enhanced oil recovery project” means any project— (i) which involves the application (in accordance with sound engineering principles) of 1 or more tertiary rec

The term “qualified enterprise community” means, with respect to a State, an area— (A) which has been designated (other than by the Secretary of the Interior) as an enterprise comm

The term “qualified entity” means— (i) 1 or more organizations— (I) described in section 501(c)(3) of title 26 ; and (II) exempt from taxation under section 501(a) of such title; o

The term “qualified environmental remediation expenditure” means any expenditure— (A) which is otherwise chargeable to capital account, and (B) which is paid or incurred in connect

The term “qualified equity investment” means any equity investment in a qualified community development entity if— (A) such investment is acquired by the taxpayer at its original i

In this section, the term “qualified escort” means— (1) an adult escort (including a parent, guardian, or other family member) who is required because of the physical or mental con

For purposes of this paragraph, the term “qualified estimated tax payments” means, with respect to any calendar year, payments of estimated tax of a tax described in paragraph (1)(

For purposes of this paragraph, the term “qualified ethanol fuel production” means any alcohol which is ethanol which is produced by an eligible small ethanol producer, and which d

For purposes of this subsection, the term “qualified exchange property” means real property which is to be used for the qualified use set forth in subparagraph (A) or (B) of subsec

The term “qualified ex-felon” means any individual who is certified by the designated local agency— (A) as having been convicted of a felony under any statute of the United States

The term "qualified expatriate" means a primary insured, or individual otherwise described in subparagraph (C)— (A) (i) whose skills, qualifications, job duties, or exper

For purposes of this subsection, the term “qualified expenditure” means any amount which, but for an election under this subsection, would have been allowable as a deduction (deter

The term “qualified expenditures” means expenditures included in a qualified plan, including capital, plant, equipment, working capital, and inventory expenses.

For purposes of this section, the term “qualified expenses” means expenditures for the improvement of credit management, debt collection, and debt recovery activities, including— (

For purpose of this paragraph, the term “qualified expenses and interest” means any expense or interest incurred by the partnership with respect to low-income housing held by the p

The term “qualified expert” means an individual qualified by education or experience to conduct geological, geochemical or geophysical surveys, as the case may be.

In the case of a facility using wind to produce electricity, the term “qualified facility” means any facility owned by the taxpayer which is originally placed in service after Dece

The term “qualified fair housing enforcement organization” means any organization that— (A) is organized as a private, tax-exempt, nonprofit, charitable organization; (B) has at le

For purposes of this paragraph, the term "qualified family" means a family having an income described in subsection (b)(1).

For purposes of this section, the term "qualified family leave wages" means wages paid by an employer which would be required to be paid by reason of the Emergency Family

Subject to paragraph (2), the term "qualified family member" means an individual (other than a qualified pregnant woman or child, as defined in subsection (n)) who is a m

For purposes of this section, the term “qualified family-owned business interest” means— (A) an interest as a proprietor in a trade or business carried on as a proprietorship, or (

The term “qualified family partnership” means a general or limited partnership that the Board determines— (A) does not directly control any bank, except through a registered bank h

The term “qualified farmer” means any individual who is actively engaged in farming (within the meaning of subsections (b) and (c) of section 1001 of the Food Security Act of 1986

For purposes of clause (iv), the term “qualified farmer or rancher” means a taxpayer whose gross income from the trade or business of farming (within the meaning of section 2032A(e

The term “qualified farming trade or business” means the trade or business of farming— (I) sugar cane, (II) any plant with a preproductive period (as defined in section 263A(e)(3))

The term “qualified farmland property” means real property located in the United States— (i) which— (I) has been used by the taxpayer as a farm for farming purposes, or (II) leased

For purposes of this subsection, the term “qualified farm-related taxpayer” means any farm-related taxpayer if— (i) (I) the aggregate prepaid farm supplies for the 3 taxable years

One which has a qualification subjoined to it, and which must be determined whenever the qualification annexed to it is at an end. A limitation to a man and "his heirs on the part

For purposes of this paragraph, the term “qualified feedstock” means— (i) any lignocellulosic or hemicellulosic matter that is available on a renewable or recurring basis, and (ii)

For purposes of this section, the term “qualified fertilizer substance” means any substance— (i) used in a qualified fertilizer use by the manufacturer, producer, or importer, (ii)

The term “qualified fertilizer use” means any use in the manufacture or production of fertilizer or for direct application as a fertilizer.

The term “qualified film” means any property described in section 168(f)(3) if not less than 50 percent of the total compensation relating to the production of such property is com

The term “qualified film or television production” means any production described in paragraph (2) if 75 percent of the total compensation of the production is qualified compensati

The term “qualified financial contract” means any securities contract, forward contract, repurchase agreement, and any similar agreement that the Board determines by regulation, re

For purposes of this subsection, the term “qualified financial institution” means— (A) any bank (as defined in section 581), (B) any institution described in section 591, (C) any c

For purposes of this subparagraph, the term “qualified financing issue” means any composite, pooled, or other conduit financing issue the proceeds of which are used directly or ind

The term “qualified fire control or rescue equipment” means fire control or fire rescue equipment that has been recertified by an authorized technician as meeting the manufacturer'

For purposes of this section, the term “qualified first responder retirement payments” means, with respect to any taxable year, any pension or annuity which but for this section wo

For purposes of this section, the term "qualified first responder service" means service as a law enforcement officer, firefighter, paramedic, or emergency medical techni

For purposes of this section, the term “qualified first tier tax” means any first tier tax imposed by subchapter A, C, D, or G of this chapter, except that such term shall not incl

The term “qualified first-time homebuyer” means a taxpayer (and, if married, the taxpayer's spouse) who has no present ownership interest in a principal residence during the 3-year

The term “qualified first-time homebuyer distribution” means any payment or distribution received by an individual to the extent such payment or distribution is used by the individ

The term “qualified first-year wages” means, with respect to any individual, qualified wages attributable to service rendered during the 1-year period beginning with the day the in

For purposes of this subparagraph, the term “qualified football coaches plan” means any defined contribution plan which is established and maintained by an organization— (I) which