20-percent owned corporation

(2) 20-percent owned corporation For purposes of this section, the term “20-percent owned corporation” means any corporation if 20 percent or more of the stock of such corporation (by vote and value) is owned by the taxpayer. For purposes of the preceding sentence, stock described in section 1504(a)(4) shall not be taken into account.


26 USC § 243(c)(2)

Scoping language

For purposes of this section
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