Law Dictionary

The term “qualified nonprofit agency for the blind or other severely handicapped” means— (A) a qualified nonprofit agency for the blind, as defined in section 8501(7) of title 41;

The term “qualified nonprofit health insurance issuer” means a health insurance issuer that is an organization— (A) that is organized under State law as a nonprofit, member corpora

For purposes of this paragraph, the term “qualified nonprofit organization” means any organization if— (i) such organization is described in paragraph (3) or (4) of section 501(c)

For purposes of this paragraph, the term “qualified nonrecourse financing” means any financing— (i) which is borrowed by the taxpayer with respect to the activity of holding real p

The term “qualified note” means any note that— (A) is at all times fully secured by the corporate debt security that does not meet standards of credit-worthiness established by the

For purposes of this section, the term "qualified nuclear power facility" means any nuclear facility— (A) which is owned by the taxpayer and which uses nuclear energy to

See Oath.

The term “qualified offer” means a written offer which— (A) is made by the taxpayer to the United States during the qualified offer period; (B) specifies the offered amount of the

For purposes of this subsection, the term “qualified offer period” means the period— (A) beginning on the date on which the first letter of proposed deficiency which allows the tax

As used in this section, the term “qualified officer of the United States” means the Secretary of the Interior or an employee of the Department of the Interior so designated by him

The term “qualified official extended duty” means any extended duty while serving at a duty station which is at least 50 miles from such property or while residing under Government

For purposes of this section, the term “qualified official extended duty service” means service on qualified official extended duty as— (I) a member of the uniformed services, (II)

For purposes of this subparagraph, the term "qualified offshore wind facility" means a qualified facility (within the meaning of section 45) described in paragraph (1) of

The term "qualified opportunity fund" means any investment vehicle which is organized as a corporation or a partnership for the purpose of investing in qualified opportun

For the purposes of this subchapter, the term "qualified opportunity zone" means a population census tract that is a low-income community that is designated as a qualifie

The term "qualified opportunity zone business" means a trade or business— (i) in which substantially all of the tangible property owned or leased by the taxpayer is quali

The term "qualified opportunity zone business property" means tangible property used in a trade or business of the qualified opportunity fund if— (I) such property was ac

The term "qualified opportunity zone partnership interest" means any capital or profits interest in a domestic partnership if— (i) such interest is acquired by the qualif

The term "qualified opportunity zone property" means property which is— (i) qualified opportunity zone stock, (ii) qualified opportunity zone partnership interest, or (ii

Except as provided in clause (ii), the term "qualified opportunity zone stock" means any stock in a domestic corporation if— (I) such stock is acquired by the qualified o

For purposes of this section, the term “qualified optional survivor annuity” means an annuity— (A) for the life of the participant with a survivor annuity for the life of the spous

For purposes of this section, the term “qualified order” means a final order, judgment, or decree which— (A) finds that the transfer described in paragraph (1)— (i) does not contra

Qualified organization defined.—In this subsection the term "qualified organization" means an organization— (A) described under section 501(c)(3) of the Internal Revenue

For purposes of this subsection, the term “qualified organization base period amount” means an amount equal to the sum of— (A) the minimum basic research amount, plus (B) the maint

The term “qualified organization employing the severely disabled” means a business entity operated on a for-profit or nonprofit basis that— (A) uses rehabilitative engineering to p

Originally, by the common law, the Crown could challenge peremptorily, without limitation as to number. By act of Parliament passed in the time of Edward the First, the right to ch

The term “qualified Outer Continental Shelf revenues” means all amounts received by the United States from each leased tract or portion of a leased tract— (i) lying— (I) seaward of

For purposes of this section, the term “qualified overtime compensation” means overtime compensation paid to an individual required under section 7 of the Fair Labor Standards Act

For purposes of this paragraph, the term “qualified ownership interest” means an undivided interest for more than 50 years in the entire dwelling unit and appurtenant land being ac

the term “qualified pandemic or epidemic product” means a product that meets the definition given such term in section 247d–6d of title 42 and— (A) that has been identified by the

The term “qualified parking” means parking provided to an employee on or near the business premises of the employer or on or near a location from which the employee commutes to wor

For purposes of this subparagraph, the term “qualified participant” means any employee who has completed at least 10 years of participation under the plan and has attained age 55.

The term “qualified participating entity” means an entity approved by the Secretary for participation in the pilot program under this subsection, which may include— (A) the Federal

The term “qualified partnership” means a partnership which is engaged in a qualified farming trade or business and each of the partners of which is a corporation other than— (i) an

For purposes of this paragraph, the term “qualified passenger vehicle loan interest” means any interest which is paid or accrued during the taxable year on indebtedness incurred by

The term “qualified passive income” means any item of gross income if— (i) such item of income is passive income (as defined in subsection (d)(2)(B) without regard to clause (iii)

The term “qualified pass-through entity” means— (A) a partnership (within the meaning of subchapter K of chapter 1 of the Internal Revenue Code of 1986 [ 26 U.S.C. 701 et seq.]); (

The term “qualified payment” means any payment (whether reimbursement or otherwise) provided by a State or political division thereof on account of the performance of services as a

The term "qualified pediatric vaccine" means a pediatric vaccine with respect to which a contract is in effect under subsection (d).

For purposes of this subparagraph, the term "qualified percentage" means, with respect to any employee, any percentage determined under the arrangement if such percentage

For purposes of subsection (a)(2)(B), the term “qualified performing artist” means, with respect to any taxable year, any individual if— (A) such individual performed services in t

For purposes of subparagraph (A), the term “qualified person” has the meaning given to such term by section 49(a)(1)(D)(iv); except that such term shall include any Federal, State,

The term “qualified personal service corporation” means any corporation— (A) substantially all of the activities of which involve the performance of services in the fields of healt

The term "qualified personnel" includes a registered or advanced practice nurse, physician, doctor of osteopathy, or physician assistant who has specialized training cond

For purposes of this subchapter, the term “qualified per-unit retain certificate” means any per-unit retain certificate which the distributee has agreed, in the manner provided in

For purposes of subparagraph (A)(iv) of this paragraph, the term “qualified plan” means (i) a stock bonus, pension, or profit-sharing plan which meets the requirements for qualific

The term “qualified plan award” means an employee achievement award awarded as part of an established written plan or program of the taxpayer which does not discriminate in favor o

the term "qualified plan distribution annuity contract" means an annuity contract purchased for a participant and distributed to the participant by a plan or contract des

For purposes of this subparagraph, the term "qualified plan loan offset amount" means a plan loan offset amount which is treated as distributed from a qualified employer

The term “qualified plug-in electric vehicle” means a specified vehicle— (A) the original use of which commences with the taxpayer, (B) which is acquired for use or lease by the ta

For purposes of this paragraph, the term “qualified pole rental” means any rental of a pole (or other structure used to support wires) if such pole (or other structure)— (i) is use

the term “qualified political committee” means a national or State committee of a political party, the Republican and Democratic Senatorial Campaign Committees, the Democratic Nati

For purposes of this subsection, the term “qualified portion” means the portion of the shareholder's holding period— (A) which is after December 31, 1997, and (B) during which the

The term "qualified position" means a position, designated by the Secretary for the purpose of this section, in which the incumbent performs, manages, or supervises funct

The term “qualified possession source investment income” means gross income which— (A) is from sources within a possession of the United States in which a trade or business is acti

The term “qualified possession wages” means wages paid or incurred by the possession corporation during the taxable year in connection with the active conduct of a trade or busines

The term “qualified postsecondary credentialing expenses” means— (A) tuition, fees, books, supplies, and equipment required for the enrollment or attendance of a designated benefic

In this subsection, the term "qualified practitioner" means a practitioner who— (i) is licensed under State law to prescribe controlled substances; and (ii) is not solely

For purposes of this paragraph, the term “qualified pre-1985 instrument” means any decree of divorce or separate maintenance or written agreement— (i) which is executed before Janu

The term "qualified preferred dividend" means any fixed dividend payable with respect to any share of stock which— (I) provides for fixed preferred dividends payable not

The term “qualified pregnant woman or child” means— (1) a pregnant woman who— (A) would be eligible for aid to families with dependent children under part A of subchapter IV (or wo

Except as provided in paragraph (2), the term “qualified preretirement survivor annuity” means a survivor annuity for the life of the surviving spouse of the participant if— (A) th

For purposes of this part and part C, the term “qualified prescription drug coverage” means either of the following: (A) Standard prescription drug coverage (as defined in subsecti

The term “qualified principal residence” means a principal residence (within the meaning of section 1034 of the Internal Revenue Code of 1986), the qualified acquisition costs of w

For purposes of this section, the term "qualified principal residence indebtedness" means acquisition indebtedness (within the meaning of section 163(h)(3)(B), applied by

The term "qualified private auditor" means a commercial auditor— (A) that performs audits in accordance with generally accepted government auditing standards; and (B) tha

the term “qualified private lender” means any privately-owned bank or other lending institution that— (i) is not a preferred lender; and (ii) the Administrator determines meets the

In the law of libel and slander, the same as conditiqual privilege. See Privilege.

The term “qualified prize” means any prize or award which— (i) is awarded as a part of a contest, lottery, jackpot, game, or other similar arrangement, (ii) does not relate to any

The term “qualified prize option” means an option which— (i) entitles an individual to receive a single cash payment in lieu of receiving a qualified prize (or remaining portion th

The term “qualified product” means a firearm (as defined in subparagraph (A) or (B) of section 921(a)(3) of title 18 ), including any antique firearm (as defined in section 921(a)(

For purposes of this section, the term "qualified product identification number" means, with respect to any item of specified property, the product identification number

The term “qualified production activity” means the manufacturing, production, or refining of a qualified product. The activities of any taxpayer do not constitute manufacturing, pr

The term “qualified production property” means that portion of any nonresidential real property— (i) to which this section applies, (ii) which is used by the taxpayer as an integra

The term "qualified product or project" means— (A) engineering, mechanization, or technology improvements that will address challenges relating to growing, harvesting, ha

The term “qualified professional” means an individual who is a licensed architect or a licensed engineer and meets such other requirements as the Secretary may provide.

the term “qualified professional asset manager” means— (A) a bank, as defined in section 202(a)(2) of the Investment Advisers Act of 1940 ( 15 U.S.C. 80b–2(a)(2) ) which— (i) has t

For purposes of subparagraph (A), the term “qualified program” means any governmental program providing mortgage loans (other than 1st mortgage loans) or grants— (i) which restrict

The term “qualified project” means any qualified facility (as determined under section 45(d) without regard to paragraph (10) and to any placed in service date) owned by a qualifie

The term “qualified project costs” means the cost of acquisition, construction, reconstruction, and renovation of— (i) nonresidential real property and residential rental property

The term “qualified project period” means the period beginning on the 1st day on which 10 percent of the residential units in the project are occupied and ending on the latest of—

For purposes of this paragraph, the term “qualified property” has the meaning given to such term by section 108(g)(3)(C). / For purposes of this paragraph, the term “qualified prop

The term “qualified property or services” means any property (other than real property and other than personal property of a kind held for investment) or services which are offered

Qualified proprietary cargo.—The term “qualified proprietary cargo” means— (A) oil, petroleum products, petrochemicals, or liquefied natural gas cargo that is beneficially owned by

For purposes of this section, the term “qualified proprietorship” means, with respect to any taxable year, any qualified business carried on by an individual as a proprietorship if

The term “qualified protection and advocacy system technical assistance provider” means an entity that has experience in— (A) working with protection and advocacy systems establish

the term “qualified provider” means any provider that— (A) is eligible for payments under a State plan approved under this subchapter, (B) provides services of the type described i

The term “qualified provider of entrepreneurship courses” means any small business development center described in section 21 of the Small Business Act ( 15 U.S.C. 648 ), insofar a

The term “qualified psychologist services” means such services and such services and supplies furnished as an incident to his service furnished by a clinical psychologist (as defin

For purposes of this subchapter, the term “qualified public accountant” means— (i) a person who is a certified public accountant, certified by a regulatory authority of a State; (i

For purposes of subsection (a)(13), the term “qualified public educational facility” means any school facility which is— (A) part of a public elementary school or a public secondar

The term “qualified public entertainment activity” means a public entertainment activity which is conducted by a qualifying organization described in subparagraph (C) in— (i) conju

The term “qualified public entity” means— (i) a Federal, State, or local government entity, or any political subdivision, agency, or instrumentality thereof, (ii) a mutual or coope

For purposes of this section, the term “qualified public housing agency” means a public housing agency that meets the following requirements: (i) The sum of (I) the number of publi

For purposes of this section, the term “qualified publicly traded partnership” means a publicly traded partnership described in section 7704(b) other than a partnership which would

The term "qualified publicly traded partnership income" means, with respect to any qualified trade or business of a taxpayer, the sum of— (A) the net amount of such taxpa

For purposes of this paragraph, the term "qualified public safety employee" means— (i) any employee of a State or political subdivision of a State who provides police pro

The term “qualified purchaser” means any entity that agrees to maintain low-income affordability restrictions for the remaining useful life of the housing (as determined under sect

The term “qualified purpose” means, with respect to any qualified zone academy— (A) rehabilitating or repairing the public school facility in which the academy is established, (B)

For purposes of this section, the term “qualified railroad retirement beneficiary” means an individual whose name has been certified to the Secretary by the Railroad Retirement Boa