### Question
How does Computation of Taxable Income define qualified hospital bond?


### Answer
Under *26 U.S.C. § 145*, **qualified hospital bond** is defined as:

> any bond issued as part of an issue 95 percent or more of the net proceeds of which are to be used with respect to a hospital

#### Citation:
  - *26 U.S.C. § 145*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 1-NORMAL TAXES AND SURTAXES > Subchapter B-Computation of Taxable Income > PART IV-TAX EXEMPTION REQUIRE- > Subpart A-Private Activity Bonds**

