projected earnings
Defined in 1 place of the United States Code.
The term “projected earnings” means the “average annual earnings” (as defined in subparagraph (B)) of—
(i) the issuing corporation only, if clause (ii) does not apply, or
(ii) both the issuing corporation and the acquired corporation, in any case where the issuing corporation has acquired control (as defined in section 368(c)), or has acquired substantially all of the properties, of the acquired corporation.
Source
- 1994–present26 U.S.C. § 279Internal Revenue Code · Interest on indebtedness incurred by corporation to acquire stock or assets of another corporation · in this section