parent-subsidiary controlled group
Defined in 2 places of the United States Code.
For purposes of subparagraph (A), the term “parent-subsidiary controlled group” means any controlled group of corporations as defined in section 1563(a)(1), except that—
(i) “more than 50 percent” shall be substituted for “at least 80 percent” each place it appears in section 1563(a)(1), and
(ii) section 1563(a)(4) shall not apply.
Source
- 1994–present26 U.S.C. § 1202Internal Revenue Code · Partial exclusion for gain from certain small business stock · for purposes of this section
The term “parent-subsidiary controlled group” means any controlled group of corporations described in section 1563(a)(1). In determining the average adjusted bases of assets held by such a group, interests held by one member of such group in another member of such group shall be disregarded.
Source
- 1994–present26 U.S.C. § 585Internal Revenue Code · Reserves for losses on loans of banks · under this section