26 CFR § 55.4982-1
Imposition of excise tax on undistributed income of regulated investment companies
June 25, 2020
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.
[T.D. 8180, 53 FR 6148, Mar. 1, 1988]
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