excess business holdings
Defined in 1 place of the United States Code.
The term “excess business holdings” means, with respect to the holdings of any private foundation in any business enterprise, the amount of stock or other interest in the enterprise which the foundation would have to dispose of to a person other than a disqualified person in order for the remaining holdings of the foundation in such enterprise to be permitted holdings.
Source
- 1994–present26 U.S.C. § 4943Internal Revenue Code · Taxes on excess business holdings · for purposes of this section