excess equity base
Defined in 1 place of the United States Code.
The term “excess equity base” means the excess of—
(i) the average equity base of the company for the taxable year, over
(ii) the amount which would be its average equity base if its equity percentage equaled the following percentage:
In no case shall the excess equity base for any taxable year be greater than the excess equity base for the company's first taxable year beginning in 1984.
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- 1994–present26 U.S.C. § 809Internal Revenue Code · Repealed.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