### Question
How does Income Taxes define qualified contaminated site?


### Answer
Under *26 U.S.C. § 198*, **qualified contaminated site** is defined as:

> any area—


(i) which is held by the taxpayer for use in a trade or business or for the production of income, or which is property described in section 1221(1) in the hands of the taxpayer,


(ii) which is within a targeted area, and


(iii) at or on which there has been a release (or threat of release) or disposal of any hazardous substance

#### Citation:
  - *26 U.S.C. § 198*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 1-NORMAL TAXES AND SURTAXES > Subchapter B-Computation of Taxable Income > PART VI-ITEMIZED DEDUCTIONS FOR INDIVIDUALS AND CORPORATIONS**

