controlled group of corporations

(A)For purposes of this subsection, the term “controlled group of corporations” has the meaning given to such term by(determined without regard to subsections (a)(4) and (e)(3)(C) of section 1563). (B)For purposes of subparagraph (A), if the common parent owns directly stock possessing at least 50 percent of the voting power of all classes of stock and at least 50 percent of each class of nonvoting stock in a first tier subsidiary, such subsidiary (and all other corporations below it in the chain which would meet the 80 percent test ofif the first tier subsidiary were the common parent) shall be treated as includible corporations. (C)For purposes of subparagraph (A), if the common parent owns directly stock possessing all of the voting power of all classes of stock and all of the nonvoting stock, in a first tier subsidiary, and if the first tier subsidiary owns directly stock possessing at least 50 percent of the voting power of all classes of stock, and at least 50 percent of each class of nonvoting stock, in a second tier subsidiary of the common parent, such second tier subsidiary (and all other corporations below it in the chain which would meet the 80 percent test ofif the second tier subsidiary were the common parent) shall be treated as includible corporations.

Source

26 USC § 409(l)(4)(A)


Scoping language

For purposes of this section
Is this correct? or