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


### Answer
**Qualified facility** is defined as the following in *26 U.S.C. § 45*:

> any facility owned by the taxpayer which is originally placed in service after December 31, 1992, and before January 1, 2004

#### Citation:
  - *26 U.S.C. § 45*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 1-NORMAL TAXES AND SURTAXES > Subchapter A-Determination of Tax Liability > PART IV-CREDITS AGAINST TAX > Subpart D-Business Related Credits**

