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
A corporation covered by section 532 owes an accumulated earnings tax of 20 percent on its accumulated taxable income. This tax is in addition to other taxes under the chapter.
In addition to other taxes imposed by this chapter, each corporation* described in section 532 owes, for each taxable year*, an accumulated earnings tax equal to 20 percent of its accumulated taxable income, as section 535 defines that term.
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.)
- 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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