Qualified Small Issue Bond Law and Legal Definition
Qualified small issue bond is a tax-exempt private activity bond issue used to finance manufacturing facilities and to benefit certain first-time farmers. Generally, issue is made not exceeding $1 million, of which 95 percent or more of the net proceeds is used to finance the acquisition of land and depreciable property or to refund such issues. Occasionally, an election to take certain capital expenditures into account can increase the limit on bond size, from $1 million to $10 million.
Legal Definition list
- Qualified Small Business
- Qualified Settlement Fund
- Qualified Section 501[c] [3] Bond
- Qualified Retirement Planning Services
- Qualified Retirement Plan
- Qualified Small Issue Bond
- Qualified Social Worker
- Qualified Special Disabled Veteran
- Qualified Speech-Language Pathologist
- Qualified State Beef Council
- Qualified State Sheep Board
