regular tax liability
Defined in 2 places of the United States Code.
The term “regular tax liability” has the meaning given such term by section 26(b).
Source
- 1994–present26 U.S.C. § 469Internal Revenue Code · Passive activity losses and credits limited · for purposes of this section
The term “regular tax liability” means the tax imposed by this chapter for the taxable year.
Source
- 1994–present26 U.S.C. § 26Internal Revenue Code · Limitation based on tax liability; definition of tax liability · for purposes of this part