eligible corporation
Defined in 2 places of the United States Code.
For purposes of this subsection, the term “eligible corporation” means any domestic corporation; except that such term shall not include—
(A) a DISC or former DISC,
(B) a corporation with respect to which an election under section 936 is in effect or which has a direct or indirect subsidiary with respect to which such an election is in effect,
(C) a regulated investment company, real estate investment trust, or REMIC, and
(D) a cooperative.
Source
- 1994–201826 U.S.C. § 1202Internal Revenue Code · Partial exclusion for gain from certain small business stock · for purposes of this section
For purposes of this subsection, the term “eligible corporation” means any domestic corporation; except that such term shall not include—
(A) a DISC or former DISC,
(B) a corporation with respect to which an election under section 936 is in effect or which has a direct or indirect subsidiary with respect to which such an election is in effect,
(C) a regulated investment company, real estate investment trust, REMIC, or FASIT, and
(D) a cooperative.
Source
- 1996–200526 U.S.C. § 1202Internal Revenue Code · Partial exclusion for gain from certain small business stock · for purposes of this section
For purposes of this subsection, the term “eligible corporation” means any domestic corporation; except that such term shall not include—
(A) a DISC or former DISC,
(B) a regulated investment company, real estate investment trust, or REMIC, and
(C) a cooperative.
Source
- 2018–present26 U.S.C. § 1202Internal Revenue Code · Partial exclusion for gain from certain small business stock · for purposes of this section
The term “eligible corporation” means, with respect to any calendar year, any corporation if—
(I) no stock of such corporation (or any predecessor of such corporation) is readily tradable on an established securities market (as determined under paragraph (1)(B)(iii)) during any preceding calendar year, and
(II) such corporation has a written plan under which, in such calendar year, not less than 80 percent of all employees who provide services to such corporation in the United States (or any possession of the United States) are granted stock options, or are granted restricted stock units, with the same rights and privileges to receive qualified stock.
Source
- 2018–present26 U.S.C. § 83Internal Revenue Code · Property transferred in connection with performance of services · for purposes of this subtitle