qualified business income

(1) In general The term “qualified business income” means, for any taxable year, the net amount of qualified items of income, gain, deduction, and loss with respect to any qualified trade or business of the taxpayer. Such term shall not include any qualified REIT dividends or qualified publicly traded partnership income.


26 USC § 199A(c)(1)

Scoping language

For purposes of this section
Is this correct? or