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26 U.S.C. § 531 — Imposition of accumulated earnings tax

submitted 72 years ago by ch. 736 to r/title-26-INTERNAL-REVENUE-CODE · 47 words · no verdicts yet

in plain englishAI-generated · not legal advice

A translation hasn’t been published for this section yet. The official text below is complete and authoritative.

the actual law source: uscode.house.gov ↗public domain

In addition to other taxes imposed by this chapter, there is hereby imposed for each taxable year on the accumulated taxable income (as defined in section 535) of each corporation described in section 532, an accumulated earnings tax equal to 20 percent of the accumulated taxable income.

Source credit: (Aug. 16, 1954, ch. 736, 68A Stat. 179; Pub. L. 100–647, title I, § 1001(a)(2)(A), Nov. 10, 1988, 102 Stat. 3349; Pub. L. 103–66, title XIII, §§ 13201(b)(1), 13202(b), Aug. 10, 1993, 107 Stat. 459, 461; Pub. L. 107–16, title I, § 101(c)(4), June 7, 2001, 115 Stat. 43; Pub. L. 108–27, title III, § 302(e)(5), May 28, 2003, 117 Stat. 764; Pub. L. 112–240, title I, § 102(c)(1)(A), Jan. 2, 2013, 126 Stat. 2319.)

history & why it existsrecord from the source credit
  • 1954Enacted · Act of Aug. 16, 1954, ch. 736
  • 1988Amended · Pub. L. 100-647 · 102 Stat. 3349
  • 1993Amended · Pub. L. 103-66 · 107 Stat. 459, 461
  • 2001Amended · Pub. L. 107-16 · 115 Stat. 43
  • 2003Amended · Pub. L. 108-27 · 117 Stat. 764
  • 2013Amended · Pub. L. 112-240 · 126 Stat. 2319

A history note hasn’t been published yet. The record shows enactment by ch. 736 on 1954-08-16.

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