### Question
What does qualified mortgage bond mean?


### Answer
**Qualified mortgage bond** has the following meaning in *26 U.S.C. § 143*:

> a bond which is issued as part of a qualified mortgage issue

#### 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**

