Qualified Low-Income Community Investment [Tax] Law and Legal Definition
According to 26 USCS § 45D [Title 26. Internal Revenue Code; Subtitle A. Income Taxes; Chapter 1. Normal Taxes And Surtaxes; Subchapter A. Determination Of Tax Liability; Part IV. Credits Against Tax; Subpart D. Business Related Credits], the term "qualified low-income community investment" means:
(A) any capital or equity investment in, or loan to, any qualified active low-income community business,
(B) the purchase from another qualified community development entity of any loan made by such entity which is a qualified low-income community investment,
(C) financial counseling and other services specified in regulations prescribed by the Secretary to businesses located in, and residents of, low-income communities, and
(D) any equity investment in, or loan to, any qualified community development entity.
Legal Definition list
- Qualified Low-Income Community Investment [Tax]
- Qualified Loan
- Qualified Joint Venture [Internal Revenue]
- Qualified Joint and Survivor Annuity [Internal Revenue]
- Qualified Investments
- Qualified Mediator [Farm Service Agency]
- Qualified Medical Child Support Order QMCSO
- Qualified Medical Personnel
- Qualified Member [Federal Elections]
- Qualified Mental Health Professionals
- Qualified Military Counsel
