50 percent

(III)For purposes of subclause (I), the term “qualified life insurance company” means any company which would be a life insurance company as defined inif unearned premiums were not taken into account under subsections (a)(2) and (c)(2) of section 816. (E)For purposes of this paragraph— (i)The term “non-owner employee” means any employee who does not own, at any time during the taxable year, more than 5 percent in value of the outstanding stock of the taxpayer. For purposes of the preceding sentence,shall apply, except that “5 percent” shall be substituted for “50 percent” in section 318(a)(2)(C).


26 USC § 465(c)(7)(D)(v)(III)

Scoping language

None: Default is title Scope
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