qualified general contribution

Defined in 1 dictionary — U.S. Code

United States Code

26 U.S.C. § 530A — for purposes of this section

The term “qualified general contribution” means any contribution which—

(A) is made by the Secretary pursuant to a general funding contribution,

(B) is made to the Trump account of an account beneficiary in the qualified class of account beneficiaries specified in the general funding contribution, and

(C) is in an amount which is equal to the ratio of—

(i) the amount of such general funding contribution, to

(ii) the number of account beneficiaries in such qualified class.