### Question
How is the term qualifying vessel operator defined?


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

> 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**

