U.S Code last checked for updates: Jan 18, 2025
All TitlesTitle 26Subtitle DChapter 42Subchapter B
§ 4952.
Taxes on taxable expenditures
(a)
Tax imposed
(1)
On the fund
(2)
On the trustee
(b)
Additional taxes
(1)
On the fund
(2)
On the trustee
(c)
Joint and several liability
(d)
Taxable expenditure
(e)
Definitions
(1)
Correction
(2)
Taxable period
The term “taxable period” means, with respect to any taxable expenditure, the period beginning with the date on which the taxable expenditure occurs and ending on the earlier of—
(A)
the date of mailing a notice of deficiency with respect to the tax imposed by subsection (a)(1) under section 6212, or
(B)
the date on which the tax imposed by subsection (a)(1) is assessed.
(Added Pub. L. 95–227, § 4(c)(1), Feb. 10, 1978, 92 Stat. 21; amended Pub. L. 96–596, § 2(a)(1)(I), (2)(G), Dec. 24, 1980, 94 Stat. 3469, 3471.)
cite as: 26 USC 4952
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