excess distribution
Defined in 1 place of the United States Code.
For purposes of this section, the term “excess distribution” means any distribution in respect of stock received during any taxable year to the extent such distribution does not exceed its ratable portion of the total excess distribution (if any) for such taxable year.
Source
- 1994–present26 U.S.C. § 1291Internal Revenue Code · Interest on tax deferral · for purposes of this section