modified taxable income

(1)The term “modified taxable income” means the taxable income of the taxpayer computed under this chapter for the taxable year, determined without regard to— (A)any base erosion tax benefit with respect to any base erosion payment, or (B)the base erosion percentage of any net operating loss deduction allowed underfor the taxable year.

Source

26 USC § 59A(c)(1)


Scoping language

For purposes of this section
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