required distribution

(1) In general The term “required distribution” means, with respect to any calendar year, the sum of— (A) 98 percent of the regulated investment company’s ordinary income for such calendar year, plus (B) 98.2 percent of the regulated investment company’s capital gain net income for the 1-year period ending on October 31 of such calendar year.

Source

26 USC § 4982(b)(1)


Scoping language

None identified. Default scope is assumed to be the entire title.
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