80-percent distributee
Defined in 1 place of the United States Code.
For purposes of this section, the term “80-percent distributee” means only the corporation which meets the 80-percent stock ownership requirements specified in section 332(b). For purposes of this section, the determination of whether any corporation is an 80-percent distributee shall be made without regard to any consolidated return regulation.
Source
- 1994–present26 U.S.C. § 337Internal Revenue Code · Nonrecognition for property distributed to parent in complete liquidation of subsidiary · for purposes of this section