### Question
How is the "qualified veteran" defined?


### Answer
The term **qualified veteran** is defined in *26 U.S.C. § 143* as follows -

> any veteran who—



(A) served on active duty, and



(B) applied for the financing before the date 25 years after the last date on which such veteran left active service

#### 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**

