qualified research

Defined in 1 dictionary — U.S. Code

United States Code

26 U.S.C. § 41 — for purposes of this section (15 versions over time)

The term “qualified research” means research—

(A) with respect to which expenditures are treated as domestic research or experimental expenditures under section 174A,

(B) which is undertaken for the purpose of discovering information—

(i) which is technological in nature, and

(ii) the application of which is intended to be useful in the development of a new or improved business component of the taxpayer, and

(C) substantially all of the activities of which constitute elements of a process of experimentation for a purpose described in paragraph (3).