Code Section 6697
| Code Section | Effective Date | Name of Act | Name of Provision | 10yr Revenue Estimate ($millions) |
|---|---|---|---|---|
| 6697 | 12/22/2010 | Regulated Investment Company Modernization Act of 2010 | Repeal of Assessable Penalty with Respect to Liability for Tax of RICs | Loss of less than 0.5 |
Repeal of Assessable Penalty with Respect to Liability for Tax of RICs
Explanation of Provision
The provision repeals the additional penalty with respect to deficiency dividends.
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