base period

(A)The term “base period” means, with respect to any taxable year, the 5 taxable years preceding such taxable year. (B)If an organization has not been a private foundation throughout the base period referred to in subparagraph (A), the base period shall consist of the taxable years during which such foundation has been in existence.


26 USC § 4940(e)(4)(A)

Scoping language

None: Default is title Scope
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