accumulated taxable income

For purposes of this subtitle, the term “accumulated taxable income” means the taxable income, adjusted in the manner provided in subsection (b), minus the sum of the dividends paid deduction (as defined in section 561) and the accumulated earnings credit (as defined in subsection (c)).

Source

26 USC § 535(a)

---

Scoping language

None identified, default scope is assumed to be the parent (part I) of this section.

---

Is this correct? or