applicable exclusion
Defined in 1 place of the United States Code.
The term “applicable exclusion” means, with respect to any specified fringe benefit plan, the section specified under paragraph (1) under which benefits under such plan are excludable from gross income.
Source
- 1994–present26 U.S.C. § 6039DInternal Revenue Code · Returns and records with respect to certain fringe benefit plans · for purposes of this section