### Question
How does the law define qualified facility?


### Answer
Under *26 U.S.C. § 45*, **qualified facility** is defined as:

> any facility owned by the taxpayer which is originally placed in service after the date of the enactment of this paragraph and before January 1, 2008

#### Citation:
  - *26 U.S.C. § 45*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 1-NORMAL TAXES AND SURTAXES > Subchapter A-Determination of Tax Liability > PART IV-CREDITS AGAINST TAX > Subpart D-Business Related Credits**

