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qualified State

Defined in 1 dictionary — U.S. Code

United States Code

26 U.S.C. § 42 — for purposes of this section

For purposes of this subparagraph, the term “qualified State” means, with respect to a calendar year, any State—

(I) which allocated its entire State housing credit ceiling for the preceding calendar year, and

(II) for which a request is made (not later than May 1 of the calendar year) to receive an allocation under clause (iii).