required distribution
Defined in 2 places of the United States Code.
The term “required distribution” means, with respect to any calendar year, the sum of—
(A) 85 percent of the real estate investment trust's ordinary income for such calendar year, plus
(B) 95 percent of the real estate investment trust's capital gain net income for such calendar year.
Source
- 1994–present26 U.S.C. § 4981Internal Revenue Code · Excise tax on undistributed income of real estate investment trusts · for purposes of this section
The term “required distribution” means, with respect to any calendar year, the sum of—
(A) 98 percent of the regulated investment company's ordinary income for such calendar year, plus
(B) 98.2 percent of the regulated investment company's capital gain net income for the 1-year period ending on October 31 of such calendar year.
Source
- 2010–present26 U.S.C. § 4982Internal Revenue Code · Excise tax on undistributed income of regulated investment companies · for purposes of this section
The term “required distribution” means, with respect to any calendar year, the sum of—
(A) 98 percent of the regulated investment company's ordinary income for such calendar year, plus
(B) 98 percent of the regulated investment company's capital gain net income for the 1-year period ending on October 31 of such calendar year.
Source
- 1994–201026 U.S.C. § 4982Internal Revenue Code · Excise tax on undistributed income of regulated investment companies · for purposes of this section