### Question
Can you define what qualified tangible property means?


### Answer
**Qualified tangible property** is defined as the following in *26 U.S.C. § 936*:

> any tangible property used by the possession corporation in a possession of the United States in the active conduct of a trade or business within such possession

#### Citation:
  - *26 U.S.C. § 936*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 1-NORMAL TAXES AND SURTAXES > Subchapter N-Tax Based on Income From Sources Within or Without the United States > PART III-INCOME FROM SOURCES WITHOUT THE UNITED STATES > Subpart D-Possessions of the United States**

