### Question
Can you define what qualifying vessel operator means?


### Answer
**Qualifying vessel operator** is defined as the following in *26 U.S.C. § 1355*:

> any corporation—


(A) who operates one or more qualifying vessels, and


(B) who meets the shipping activity requirement in subsection (c)

#### Citation:
  - *26 U.S.C. § 1355*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 1-NORMAL TAXES AND SURTAXES > Subchapter R-Election To Determine Corporate Tax on Certain International Shipping Activities Using Per Ton Rate**

