applicable qualified opportunity zone business
Defined in 1 place of the United States Code.
For purposes of subsection (a), the term “applicable qualified opportunity zone business” means any qualified opportunity zone business—
(1) which is a trade or business of a qualified opportunity fund,
(2) in which a qualified opportunity fund holds qualified opportunity zone stock, or
(3) in which a qualified opportunity fund holds a qualified opportunity zone partnership interest.
Source
- 2026–present26 U.S.C. § 6039LInternal Revenue Code · Information required from qualified opportunity zone businesses and qualified rural opportunity zone businesses · in this section