U.S. Code of Federal Regulations

Regulations most recently checked for updates: Aug 27, 2025

270.101 - 270.101 Definition.

As used in this subpart, qualified business means an S corporation as defined in 26 U.S.C. 1361(a)(1) for which 100 percent of the outstanding stock is held through an employee stock ownership plan as defined in 26 U.S.C. 4975(e)(7).