tenant-stockholder's proportionate share
Defined in 1 place of the United States Code.
Except as provided in subparagraph (B), the term “tenant-stockholder's proportionate share” means that proportion which the stock of the cooperative housing corporation owned by the tenant-stockholder is of the total outstanding stock of the corporation (including any stock held by the corporation).
Source
- 1994–present26 U.S.C. § 216Internal Revenue Code · Deduction of taxes, interest, and business depreciation by cooperative housing corporation tenant-stockholder · for purposes of this section
then the term “tenant-stockholder's proportionate share” means the shares determined in accordance with the allocations described in subclause (II).
Source
- 1994–present26 U.S.C. § 216Internal Revenue Code · Deduction of taxes, interest, and business depreciation by cooperative housing corporation tenant-stockholder · for purposes of this section