### Question
How is the "qualified opportunity zone business" defined?


### Answer
The term **qualified opportunity zone business** is defined in *26 U.S.C. § 1400Z* as follows -

> a trade or business—


(i) in which substantially all of the tangible property owned or leased by the taxpayer is qualified opportunity zone business property (determined by substituting "qualified opportunity zone business" for "qualified opportunity fund" each place it appears in paragraph (2)(D)),


(ii) which satisfies the requirements of paragraphs (2), (4), and (8) of section 1397C(b), and


(iii) which is not described in section 144(c)(6)(B)

#### Citation:
  - *26 U.S.C. § 1400Z*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 1-NORMAL TAXES AND SURTAXES > Subchapter Z-Opportunity Zones**

