26 CFR 2.1-27

§ 2.1-27 Controlled corporation.

United States · 26 CFR — Internal Revenue · Status: effective

Cite this

Citation: 26 CFR 2.1-27, § 2.1-27 Controlled corporation, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/112435
Permanent ID: ys:prov:112435@1
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Full text

For the purpose of section 511 of the Act and the regulations in this part a new vessel is considered as constructed, reconstructed, reconditioned, or acquired by the taxpayer if constructed, reconstructed, reconditioned, or acquired by a corporation at a time when the taxpayer owns not less than 95 percent of the total number of shares of each class of stock of the corporation.

Legislative history

This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.