### Question
What is the definition of adjusted qualifying income?


### Answer
The definition of **adjusted qualifying income** is as follows in *26 U.S.C. § 143*:

> the product of—


(i) the highest family income which (as of the date the financing was provided) would have met the requirements of subsection (f) with respect to the residents, and


(ii) 1.05 to the nth power where "n" equals the number of full years during the period beginning on the date the financing was provided and ending on the date of the disposition

#### Citation:
  - *26 U.S.C. § 143*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 1-NORMAL TAXES AND SURTAXES > Subchapter B-Computation of Taxable Income > PART IV-TAX EXEMPTION REQUIREMENTS FOR STATE AND LOCAL BONDS > Subpart A-Private Activity Bonds**

