average equity base
Defined in 1 place of the United States Code.
The term “average equity base” means, with respect to any taxable year, the average of—
(A) the equity base determined as of the close of the taxable year, and
(B) the equity base determined as of the close of the preceding taxable year.
Source
- 1994–present26 U.S.C. § 809Internal Revenue Code · Repealed. Pub. L. 108218, title II, 205(a), Apr. 10, 2004, 118 Stat. 610] · in this section