qualified local bus
Defined in 1 place of the United States Code.
For purposes of this paragraph, the term “qualified local bus” means any local bus—
(i) which has a seating capacity of at least 20 adults (not including the driver), and
(ii) which is under contract (or is receiving more than a nominal subsidy) from any State or local government (as defined in section 4221(d)) to furnish such transportation.
Source
- 1994–present26 U.S.C. § 6427Internal Revenue Code · Fuels not used for taxable purposes · in this section