majority interest taxable year
Defined in 1 dictionary — U.S. Code
United States Code
26 U.S.C. § 706 — in this section
The term “majority interest taxable year” means the taxable year (if any) which, on each testing day, constituted the taxable year of 1 or more partners having (on such day) an aggregate interest in partnership profits and capital of more than 50 percent.