deferred DISC income
Defined in 1 dictionary — U.S. Code
United States Code
26 U.S.C. § 995 — for the purposes of this part
The term “deferred DISC income” means, with respect to any taxable year of a shareholder, the excess of—
(i) the shareholder's pro rata share of accumulated DISC income (for periods after 1984) of the DISC as of the close of the computation year, over
(ii) the amount of the distributions-in-excess-of-income for the taxable year of the DISC following the computation year.