active business computer software royalties
Defined in 1 place of the United States Code.
For purposes of this section, the term “active business computer software royalties” means any royalties—
(A) received by any corporation during the taxable year in connection with the licensing of computer software, and
(B) with respect to which the requirements of paragraphs (2), (3), (4), and (5) are met.
Source
- 1994–present26 U.S.C. § 543Internal Revenue Code · Personal holding company income · for purposes of this section