qualified securities
Defined in 2 places of the United States Code.
The term “qualified securities” has the meaning given to such term by section 1042(c)(1).
Source
- 1994–199726 U.S.C. § 4978Internal Revenue Code · Tax on certain dispositions by employee stock ownership plans and certain cooperatives · for purposes of this section
The term “qualified securities” has the meaning given to such term by section 1042(c)(1); except that such section shall be applied without regard to subparagraph (B) thereof for purposes of applying this section and section 4979A with respect to securities acquired in a qualified gratuitous transfer (as defined in section 664(g)(1)).
Source
- 1997–present26 U.S.C. § 4978Internal Revenue Code · Tax on certain dispositions by employee stock ownership plans and certain cooperatives · for purposes of this section
The term “qualified securities” means employer securities (as defined in section 409(l)) which—
(A) are issued by a domestic C corporation that has no stock outstanding that is readily tradable on an established securities market, and
(B) were not received by the taxpayer in—
(i) a distribution from a plan described in section 401(a), or
(ii) a transfer pursuant to an option or other right to acquire stock to which section 83, 422, or 423 applied (or to which section 422 or 424 (as in effect on the day before the date of the enactment of the Revenue Reconciliation Act of 1990) applied).
Source
- 1997–present26 U.S.C. § 1042Internal Revenue Code · Sales of stock to employee stock ownership plans or certain cooperatives · for purposes of this section
The term “qualified securities” means employer securities (as defined in section 409(l)) which—
(A) are issued by a domestic corporation that has no stock outstanding that is readily tradable on an established securities market, and
(B) were not received by the taxpayer in—
(i) a distribution from a plan described in section 401(a), or
(ii) a transfer pursuant to an option or other right to acquire stock to which section 83, 422, or 423 applied (or to which section 422 or 424 (as in effect on the day before the date of the enactment of the Revenue Reconciliation Act of 1990) applied).
Source
- 1994–199726 U.S.C. § 1042Internal Revenue Code · Sales of stock to employee stock ownership plans or certain cooperatives · for purposes of this section