### Question
Can you define what qualified domestic corporation means?


### Answer
**Qualified domestic corporation** is defined as the following in *26 U.S.C. § 30A*:

> a domestic corporation—



(A) which is an existing credit claimant with respect to Puerto Rico, and



(B) with respect to which section 936(a)(4)(B) does not apply for the taxable year

#### Citation:
  - *26 U.S.C. § 30A*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 1-NORMAL TAXES AND SURTAXES > Subchapter A-Determination of Tax Liability > PART IV-CREDITS AGAINST TAX > Subpart B-Other Credits**

