26 U.S.C. § 1372
Partnership rules to apply for fringe benefit purposes
United States · Title 26 — INTERNAL REVENUE CODE · Status: effective
Cite this
- Citation
- 26 U.S.C. § 1372, Partnership rules to apply for fringe benefit purposes, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/463049
- Permanent ID
ys:prov:463049@1- SHA-256
a4a60e072c2588d8a4e1c68ad8684bc924b2b1c15ae8995857f66243e9f8afaf
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
For purposes of applying the provisions of this subtitle which relate to employee fringe benefits—
For purposes of this section, the term “2-percent shareholder” means any person who owns (or is considered as owning within the meaning of section 318) on any day during the taxable year of the S corporation more than 2 percent of the outstanding stock of such corporation or stock possessing more than 2 percent of the total combined voting power of all stock of such corporation.
Legislative history
The public laws that enacted or amended this section. Tallies are for the whole bill as it passed each chamber — often an omnibus covering far more than this provision — not a vote on this section alone.
- Subchapter S Revision Act of 1982House: no recorded tallySenate: no recorded tally