§ 561. Definition of deduction for dividends paid

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(a)General rule The deduction for dividends paid shall be the sum of—

(1)the dividends paid during the taxable year,

(2)the consent dividends for the taxable year (determined under section 565), and

(3)in the case of a personal holding company, the dividend carryover described in section 564.

(b)Special rules applicable In determining the deduction for dividends paid, the rules provided in section 562 (relating to rules applicable in determining dividends eligible for dividends paid deduction) and section 563 (relating to dividends paid after the close of the taxable year) shall be applicable.

(Aug. 16, 1954, ch. 736, 68A Stat. 198; Pub. L. 87–403, § 3(f), Feb. 2, 1962, 76 Stat. 8; Pub. L. 94–455, title XIX, § 1901(b)(32)(H), Oct. 4, 1976, 90 Stat. 1800.)

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U.S. Code

§ 381
Carryovers in certain corporate acquisitions

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U.S. Code

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Aug. 16, 1954, ch. 736
68A Stat. 198
Pub. L. 87–403, § 3(f)
76 Stat. 8
Pub. L. 94–455, title XIX, § 1901(b)(32)(H)
90 Stat. 1800
Pub. L. 94–455
Pub. L. 87–403
section 1901(d) of Pub. L. 94–455
section 3(g) of Pub. L. 87–403

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§ 561

Definition of deduction for dividends paid

Stat.×9

U.S.C.×1

U.S.C.§ 2

U.S.C.§ 312

ActAug. 16, 1954, ch. 736

Stat.68A Stat. 198

Pub. L.Pub. L. 87–403, § 3(f)

Stat.76 Stat. 8

Pub. L.Pub. L. 94–455, title XIX, § 1901(b)(32)(H)

Cites 12 · showing 7Cited by 10 across 2 sources