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qualified class

Defined in 1 dictionary — U.S. Code

United States Code

26 U.S.C. § 530A — for purposes of this section

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 contribution is made.

(ii) All account beneficiaries who have not attained the age of 18 before the close of the calendar year in which the contribution is made and who reside in one or more States or other qualified geographic areas specified by the terms of the general funding contribution.

(iii) All account beneficiaries who have not attained the age of 18 before the close of the calendar year in which the contribution is made and who were born in one or more calendar years specified by the terms of the general funding contribution.