group credit item
Defined in 1 place of the United States Code.
The term “group credit item” means any credit allowable under part IV of subchapter A of chapter 1 (other than section 34) to any other member of the affiliated group which includes the subsidiary and any carryover or carryback of any such credit.
Source
- 1994–present26 U.S.C. § 1503Internal Revenue Code · Computation and payment of tax · for purposes of this section