distributable amount
Defined in 1 place of the United States Code.
For purposes of this section, the term “distributable amount” means, with respect to any foundation for any taxable year, an amount equal to—
(1) the sum of the minimum investment return plus the amounts described in subsection (f)(2)(C), reduced by
(2) the sum of the taxes imposed on such private foundation for the taxable year under subtitle A and section 4940.
Source
- 2013–present26 U.S.C. § 4942Internal Revenue Code · Taxes on failure to distribute income · for purposes of this section