specified matching amount
Defined in 1 dictionary — U.S. Code
United States Code
26 U.S.C. § 7530 — in this section
The term "specified matching amount" means, with respect to any calendar year, the lesser of—
(i) the excess (if any) of—
(I) the cost to Puerto Rico of the earned income tax credit for taxable years beginning in or with such calendar year, over
(II) the base amount for such calendar year, or
(ii) the product of 3, multiplied by the base amount for such calendar year.