Statutes, codes, and regulations
Code of Federal Regulations
Title 26 - INTERNAL REVENUEChapter I - INTERNAL REVENUE SERVICE, DEPARTMENT OF THE TREASURYSubchapter D - MISCELLANEOUS EXCISE TAXESPart 55 - EXCISE TAX ON REAL ESTATE INVESTMENT TRUSTS AND REGULATED INVESTMENT COMPANIES
Subpart B - EXCISE TAX ON REGULATED INVESTMENT COMPANIES
Section 55.4982-1 - Imposition of excise tax on undistributed income of regulated investment companies

26 C.F.R. § 55.4982-1

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Section 55.4982-1 - Imposition of excise tax on undistributed income of regulated investment companies

Section 4982 imposes an excise tax on a regulated investment company in the amount of four percent of the excess, if any, of the required distribution for a calendar year over the distributed amount for such calendar year. Section 4982 applies only to calendar years beginning after December 31, 1986.

26 C.F.R. §55.4982-1

T.D. 8180, 53 FR 6148, Mar. 1, 1988