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80-percent distributee

Defined in 1 dictionary — U.S. Code

United States Code

26 U.S.C. § 337 — for purposes of this section

For purposes of this section, the term “80-percent distributee” means only the corporation which meets the 80-percent stock ownership requirements specified in section 332(b). For purposes of this section, the determination of whether any corporation is an 80-percent distributee shall be made without regard to any consolidated return regulation.