26 U.S.C. § 531

§ 531. Imposition of accumulated earnings tax

54 words · amended 5 times · cited by 14 other sections

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The law as written

Current through Public Law 119-102. Amendment notes omitted.

In addition to other taxes imposed by this chapter, there is hereby imposed for each taxable year on the accumulated taxable income (as defined in section 535) of each corporation described in section 532, an accumulated earnings tax equal to 20 percent of the accumulated taxable income.