### Question
What does qualified bond mean?


### Answer
**Qualified bond** has the following meaning in *26 U.S.C. § 1400N*:

> any obligation of a State or political subdivision thereof which was outstanding on August 28, 2005

#### Citation:
  - *26 U.S.C. § 1400N*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 1-NORMAL TAXES AND SURTAXES > Subchapter Y-Short-Term Regional Benefits > PART II-TAX BENEFITS FOR GO ZONES**

