tax-exempt controlled entity
Defined in 1 place of the United States Code.
The term “tax-exempt controlled entity” means any corporation (which is not a tax-exempt entity determined without regard to this subparagraph and paragraph (2)(E)) if 50 percent or more (in value) of the stock in such corporation is held by 1 or more tax-exempt entities (other than a foreign person or entity).
Source
- 1994–present26 U.S.C. § 168Internal Revenue Code · Accelerated cost recovery system · under this chapter