### Question
Can you define what qualified issuer means?


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

> 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**

