26 U.S.C. § 541
§ 541. Imposition of personal holding company tax
No plain-English explainer yet. Below is the official text. Explainers are being added section by section.
History
Part of the code since 1954. Last changed January 2, 2013 by the American Taxpayer Relief Act of 2012.
Every change, newest first (9)
- January 2, 2013American Taxpayer Relief Act of 2012
- May 28, 2003Jobs and Growth Tax Relief Reconciliation Act of 2003
- June 7, 2001Economic Growth and Tax Relief Reconciliation Act of 2001
- August 10, 1993Omnibus Budget Reconciliation Act of 1993
- November 5, 1990Omnibus Budget Reconciliation Act of 1990
- October 22, 1986Tax Reform Act of 1986
- August 13, 1981Economic Recovery Tax Act of 1981
- February 26, 1964Public Law 88-272
- August 16, 1954Internal Revenue Code of 1954 (original text)
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 undistributed personal holding company income (as defined in section 545) of every personal holding company (as defined in section 542) a personal holding company tax equal to 20 percent of the undistributed personal holding company income.