### Question
How does the law define eligible taxpayer?


### Answer
Under *26 U.S.C. § 48D*, **eligible taxpayer** is defined as:

> a taxpayer which employs not more than 250 employees in all businesses of the taxpayer at the time of the submission of the application under subsection (d)(2)

#### Citation:
  - *26 U.S.C. § 48D*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 1-NORMAL TAXES AND SURTAXES > Subchapter A-Determination of Tax Liability > PART IV-CREDITS AGAINST TAX > Subpart E-Rules for Computing Investment Credit**

