highest rate
Defined in 1 dictionary — U.S. Code
United States Code
26 U.S.C. § 460 — in this section
The term “highest rate” means—
(I) the highest rate of tax specified in section 11, or
(II) if at all times during the year involved more than 50 percent of the interests in the entity are held by individuals directly or through 1 or more other pass-thru entities, the highest rate of tax specified in section 1.