Definition of personal holding company

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Title 26—INTERNAL REVENUE CODE > Subtitle A—Income Taxes > CHAPTER 1—NORMAL TAXES AND SURTAXES > Subchapter G—Corporations Used to Avoid Income Tax on Shareholders > PART II—PERSONAL HOLDING COMPANIES

This text was captured on Sep 16, 2026. It is a snapshot, not a live feed, so check the official code before relying on it.

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At least 60 percent of its adjusted ordinary gross income (as defined in section 543(b)(2)) for the taxable year is personal holding company income (as defined in section 543(a)), and

( Aug. 16, 1954, ch. 736 , 68A Stat. 182 ; ch. 871, § 3, Aug. 12, 1955 , 69 Stat. 718 ; Pub. L. 86–376, § 3(a) , Sept. 23, 1959 , 73 Stat. 700 ; Pub. L. 87–768, § 1 , Oct. 9, 1962 , 76 Stat. 766 ; Pub. L. 88–272, title II, § 225(b) , (c), (k)(1), Feb. 26, 1964 , 78 Stat. 79 , 93; Pub. L. 89–809, title I, § 104(h)(1) , Nov. 13, 1966 , 80 Stat. 1559 ; Pub. L. 91–172, title I, § 101(j)(16) , Dec. 30, 1969 , 83 Stat. 528 ; Pub. L. 93–480, § 3(a) , Oct. 26, 1974 , 88 Stat. 1454 ; Pub. L. 94–455, title XIX, § 1901(a)(76) , Oct. 4, 1976 , 90 Stat. 1777 ; Pub. L. 96–589, § 5(a) , Dec. 24, 1980 , 94 Stat. 3405 ; Pub. L. 97–248, title II, § 293(a) –(c), Sept. 3, 1982 , 96 Stat. 575 ; Pub. L. 98–369, div. A, title II, § 211(b)(7) , July 18, 1984 , 98 Stat. 755 ; Pub. L. 99–514, title XII, § 1235(f)(2) , Oct. 22, 1986 , 100 Stat. 2575 ; Pub. L. 105–34, title XI, § 1122(d)(1) , Aug. 5, 1997 , 111 Stat. 977 ; Pub. L. 108–357, title IV, § 413(b)(1) , Oct. 22, 2004 , 118 Stat. 1506 ; Pub. L. 115–141, div. U, title IV, § 401(a)(132) , (133), Mar. 23, 2018 , 132 Stat. 1190 .)

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