### Question
How does the law define qualified business?


### Answer
Under *26 U.S.C. § 1397C*, **qualified business** is defined as:

> any trade or business

#### Citation:
  - *26 U.S.C. § 1397C*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 1-NORMAL TAXES AND SURTAXES > Subchapter U-Designation and Treatment of Empowerment Zones, Enterprise Communities, and Rural Development Investment Areas > PART III-ADDITIONAL INCENTIVES FOR EMPOWERMENT ZONES > Subpart D-General Provisions**

