net share rental
Defined in 1 place of the United States Code.
For purposes of this paragraph, the term “net share rental” means the excess of—
(I) the value of the produce received by the lessor of the land on which such produce is grown, over
(II) the cash operating expenses of growing such produce which, under the lease, are paid by the lessor.
Source
- 1994–present26 U.S.C. § 2032AInternal Revenue Code · Valuation of certain farm, etc., real property · for purposes of this section