Source: https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title26-section563&num=0&edition=prelim
Timestamp: 2020-01-19 03:01:48
Document Index: 583464250

Matched Legal Cases: ['§ 563', '§914', '§7401', '§413', '§2006', '§7401', '§914']

[USC02] 26 USC 563: Rules relating to dividends paid after close of taxable year
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26 USC 563: Rules relating to dividends paid after close of taxable year Text contains those laws in effect on January 17, 2020
From Title 26-INTERNAL REVENUE CODESubtitle A-Income TaxesCHAPTER 1-NORMAL TAXES AND SURTAXESSubchapter G-Corporations Used to Avoid Income Tax on ShareholdersPART IV-DEDUCTION FOR DIVIDENDS PAID
In the determination of the dividends paid deduction for purposes of the personal holding company tax imposed by section 541, a dividend paid after the close of any taxable year and on or before the 15th day of the fourth month following the close of such taxable year shall, to the extent the taxpayer elects in its return for the taxable year, be considered as paid during such taxable year. The amount allowed as a dividend by reason of the application of this subsection with respect to any taxable year shall not exceed either-
(Aug. 16, 1954, ch. 736, 68A Stat. 199 ; Pub. L. 91–172, title IX, §914(a), Dec. 30, 1969, 83 Stat. 723 ; Pub. L. 101–239, title VII, §7401(b), Dec. 19, 1989, 103 Stat. 2356 ; Pub. L. 108–357, title IV, §413(c)(10), Oct. 22, 2004, 118 Stat. 1507 ; Pub. L. 114–41, title II, §2006(a)(2)(B), July 31, 2015, 129 Stat. 457 .)
2015-Pub. L. 114–41 substituted "fourth month" for "third month" wherever appearing.
2004-Subsecs. (c), (d). Pub. L. 108–357 redesignated subsec. (d) as (c), substituted "subsection (a) or (b)" for "subsection (a), (b), or (c)", and struck out former subsec. (c) which related to foreign personal holding company tax.
1989-Subsec. (c). Pub. L. 101–239, §7401(b)(1), added subsec. (c). Former subsec. (c) redesignated (d).
1969-Subsec. (b)(2). Pub. L. 91–172 substituted "20 percent" for "10 percent".
Pub. L. 91–172, title IX, §914(b), Dec. 30, 1969, 83 Stat. 723 , provided that: "The amendment made by subsection (a) [amending this section] shall apply to taxable years beginning after December 31, 1969."