applicable share
Defined in 1 dictionary — U.S. Code
United States Code
26 U.S.C. § 148 — for purposes of this section
For purposes of the clause (i), the term “applicable share” means, with respect to any period, the natural gas allocable to such period if the gas were allocated ratably over the period to which the prepayment relates.
26 U.S.C. § 965 — in this section
For purposes of this paragraph, the term "applicable share" means, with respect to any E&P net surplus shareholder in any affiliated group, the amount which bears the same proportion to such group's aggregate unused E&P deficit as—
(i) the product of—
(I) such shareholder's group ownership percentage, multiplied by
(II) the amount which would (but for this paragraph) be taken into account under section 951(a)(1) by reason of subsection (a) by such shareholder, bears to
(ii) the aggregate amount determined under clause (i) with respect to all E&P net surplus shareholders in such group.