Code of Federal Regulations · Section

§ 55.4981-2 — -2 Imposition Of Excise Tax With Respect To Certain Undistributed Income Of Real Estate Investment Trusts; Calendar Years Beginning After December 31, 1986

26 C.F.R. § 55.4981-2

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Section 4981, as amended by the Tax Reform Act of 1986, imposes an excise tax on a real estate investment trust 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 4981, as so amended, applies only to calendar years that begin after December 31, 1986.