26 USC 532 - Corporations subject to accumulated earnings tax

U.S Code last checked for updates: Feb 22, 2025

§ 532.

Corporations subject to accumulated earnings tax

(a)

General rule

(b)

Exceptions

The accumulated earnings tax imposed by section 531 shall not apply to—

(1)

a personal holding company (as defined in section 542),

(2)

a corporation exempt from tax under subchapter F (section 501 and following), or

(3)

a passive foreign investment company (as defined in section 1297).

(c)

Application determined without regard to number of shareholders

(Aug. 16, 1954, ch. 736, 68A Stat. 179; Pub. L. 98–369, div. A, title I, § 58(a), July 18, 1984, 98 Stat. 574; Pub. L. 99–514, title XII, § 1235(f)(1), Oct. 22, 1986, 100 Stat. 2575; Pub. L. 105–34, title XI, § 1122(d)(1), Aug. 5, 1997, 111 Stat. 977; Pub. L. 109–135, title IV, § 403(n)(1), Dec. 21, 2005, 119 Stat. 2626.)

cite as: 26 USC 532