prorated amounts
Defined in 2 places of the United States Code.
For purposes of this subparagraph, the term “prorated amounts” means tax-exempt interest and dividends other than 100 percent dividends.
Source
- 1994–199726 U.S.C. § 805Internal Revenue Code · General deductions · for purposes of this part
For purposes of this subparagraph, the term “prorated amounts” means tax-exempt interest, the increase for the taxable year in policy cash values (within the meaning of subparagraph (F)) of life insurance policies and annuity and endowment contracts to which section 264(f) applies, and dividends other than 100 percent dividends.
Source
- 1997–present26 U.S.C. § 805Internal Revenue Code · General deductions · for purposes of this part
The term “prorated amounts” means tax-exempt interest and dividends with respect to which a deduction is allowable under section 243, 244, or 245 (other than 100 percent dividends).
Source
- 1994–201426 U.S.C. § 832Internal Revenue Code · Insurance company taxable income · in this section
The term “prorated amounts” means tax-exempt interest and dividends with respect to which a deduction is allowable under section 243 or 245 (other than 100 percent dividends).
Source
- 2014–present26 U.S.C. § 832Internal Revenue Code · Insurance company taxable income · in this section