### Question
How does Income Taxes define nonqualified nonrecourse financing?


### Answer
Under *26 U.S.C. § 49*, **nonqualified nonrecourse financing** is defined as:

> any nonrecourse financing which is not qualified commercial financing

#### Citation:
  - *26 U.S.C. § 49*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 1-NORMAL TAXES AND SURTAXES > Subchapter A-Determination of Tax Liability > PART IV-CREDITS AGAINST TAX > Subpart E-Rules for Computing Investment Credit**

