highest rate

(i)The term “highest rate” means— (I)the highest rate of tax specified in section 11, or (II)if at all times during the year involved more than 50 percent of the interests in the entity are held by individuals directly or through 1 or more other pass-thru entities, the highest rate of tax specified in section 1.

Source

26 USC § 460(b)(4)(C)(i)


Scoping language

For purposes of this paragraph
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