### Question
How is the "qualified research consortium" defined?


### Answer
The term **qualified research consortium** is defined in *26 U.S.C. § 41* as follows -

> any organization which—


(I) is described in section 501(c)(3) or 501(c)(6) and is exempt from tax under section 501(a),


(II) is organized and operated primarily to conduct scientific research, and


(III) is not a private foundation

#### Citation:
  - *26 U.S.C. § 41*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 1-NORMAL TAXES AND SURTAXES > Subchapter A-Determination of Tax Liability > PART IV-CREDITS AGAINST TAX > Subpart D-Business Related Credits**

