distributable amount
Defined in 1 dictionary — U.S. Code
United States Code
26 U.S.C. § 4942 — for purposes of this section
For purposes of this section, the term “distributable amount” means, with respect to any foundation for any taxable year, an amount equal to—
(1) the sum of the minimum investment return plus the amounts described in subsection (f)(2)(C), reduced by
(2) the sum of the taxes imposed on such private foundation for the taxable year under subtitle A and section 4940.