applicable percentage

(3)For purposes of this subsection, the term “applicable percentage” means, with respect to any taxpayer for any taxable year, the ratio (expressed as a percentage but not greater than 100 percent) which— (A)the excess of— (i)the total consolidated assets of such taxpayer (determined as of the close of such taxable year), over (ii)$10,000,000,000, bears to (B)$40,000,000,000.


26 USC § 162(r)(3)

Scoping language

None: Default is title Scope
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