majority U.S. shareholder year
Defined in 1 place of the United States Code.
For purposes of this subsection, the term “majority U.S. shareholder year” means the taxable year (if any) which, on each testing day, constituted the taxable year of—
(i) each United States shareholder described in subsection (b)(2)(A), and
(ii) each United States shareholder not described in clause (i) whose stock was treated as owned under subsection (b)(2)(B) by any shareholder described in such clause.
Source
- 2005–present26 U.S.C. § 898Internal Revenue Code · Taxable year of certain foreign corporations · for purposes of this section
For purposes of this subsection, the term “majority U.S. shareholder year” means the taxable year (if any) which, on each testing day, constituted the taxable year of—
(I) each United States shareholder described in subsection (b)(2)(A), and
(II) each United States shareholder not described in subclause (I) whose stock was treated as owned under subsection (b)(2)(B) by any shareholder described in such subclause.
Source
- 1994–200526 U.S.C. § 898Internal Revenue Code · Taxable year of certain foreign corporations · for purposes of this section