1-percent owner
Defined in 1 place of the United States Code.
For purposes of this paragraph, the term “1-percent owner” means any person who would be described in clause (i) if “1 percent” were substituted for “5 percent” each place it appears in clause (i).
Source
- 1994–present26 U.S.C. § 416Internal Revenue Code · Special rules for top-heavy plans · for purposes of this section