qualifying partnership
Defined in 1 place of the United States Code.
Qualifying partnership.—The term "qualifying partnership" means a partnership which—
(I) has a partnership agreement which satisfies the requirements of section 514(c)(9)(B)(vi) at all times beginning on the date of the first certification received by the partnership under subparagraph (C)(i),
(II) satisfies the requirements of subparagraphs (B)(i), (C), (D), and (E), if "qualified partnership" is substituted for "eligible taxpayer" each place it appears therein (except subparagraph (D)(iii)), and
(III) is not an organization which would be prevented from constituting an eligible taxpayer by reason of subparagraph (B)(ii).
Source
- 2005–202026 U.S.C. § 512Internal Revenue Code · Unrelated business taxable income · for purposes of this title
The term “qualifying partnership” means a partnership which—
(I) has a partnership agreement which satisfies the requirements of section 514(c)(9)(B)(vi) at all times beginning on the date of the first certification received by the partnership under subparagraph (C)(i),
(II) satisfies the requirements of subparagraphs (B)(i), (C), (D), and (E), if “qualified partnership” is substituted for “eligible taxpayer” each place it appears therein (except subparagraph (D)(iii)), and
(III) is not an organization which would be prevented from constituting an eligible taxpayer by reason of subparagraph (B)(ii).
Source
- 2013–present26 U.S.C. § 512Internal Revenue Code · Unrelated business taxable income · for purposes of this title