qualified portion
Defined in 2 places of the United States Code.
For purposes of this subparagraph, the term “qualified portion” means that portion of the proceeds which are used with respect to each qualified borrower under the issue.
Source
- 2009–present26 U.S.C. § 265Internal Revenue Code · Expenses and interest relating to tax-exempt income · in this section
For purposes of this subsection, the term “qualified portion” means the portion of the shareholder's holding period—
(A) which is after December 31, 1997, and
(B) during which the shareholder is a United States shareholder (as defined in section 951(b)) of the corporation and the corporation is a controlled foreign corporation.
Source
- 1997–present26 U.S.C. § 1297Internal Revenue Code · Passive foreign investment company · for purposes of this part