### Question
How is the term qualified issuer defined?


### Answer
The term **qualified issuer** is defined in *26 U.S.C. § 54B* as the following:

> a State or any political subdivision or instrumentality thereof or a 501(c)(3) organization (as defined in section 150(a)(4))

#### Citation:
  - *26 U.S.C. § 54B*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 1-NORMAL TAXES AND SURTAXES > Subchapter A-Determination of Tax Liability > PART IV-CREDITS AGAINST TAX > Subpart I-Qualified Tax Credit Bonds**

