qualified use
Defined in 1 place of the United States Code.
For purposes of this section, the term “qualified use” means the devotion of the property to any of the following:
(A) use as a farm for farming purposes, or
(B) use in a trade or business other than the trade or business of farming.
Source
- 1994–present26 U.S.C. § 2032AInternal Revenue Code · Valuation of certain farm, etc., real property · for purposes of this section