### Question
What does income percentage mean?


### Answer
**Income percentage** has the following meaning in *26 U.S.C. § 143*:

> the percentage (but not greater than 100 percent) which—


(i) the excess of—


(I) the modified adjusted gross income of the taxpayer for the taxable year in which the disposition occurs, over


(II) the adjusted qualifying income for such taxable year, bears to


  

(ii) $5,000

#### 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 REQUIRE- > Subpart A-Private Activity Bonds**

