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26 U.S.C. § 531 — Imposition of accumulated earnings tax
Federal law — U.S. Code and appendices · legal_authorities
In addition to other taxes imposed by this chapter, there is hereby imposed for each taxable year on the accumulated taxable income (as defined in section 535) of each corporation described in section 532, an accumulated earnings tax equal to 20 percent of the accumulated taxable income.
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Source file: Laws/federal/codes/united-states-code/title-26/section-531-imposition-of-accumulated-earnings-tax--7669638f34.md
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Source location: Title 26, Chapter 1, § 531; chapter-001-normal-taxes-and-surtaxes.md
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In addition to other taxes imposed by this chapter, there is hereby imposed for each taxable year on the accumulated taxable income (as defined in section 535) of each corporation described in section 532, an accumulated earnings tax equal to 20 percent of the accumulated taxable income.
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Married individuals filing joint returns and surviving spouses** There is hereby imposed on the taxable income of—
(1) every married individual (as defined in section 7703) who makes a single return jointly with his spouse under section 6013, and
(2) every surviving spouse (as defined in section 2(a)),
a tax determined in accordance with the following table: If taxable income is:The tax is: Not over $36,90015% of taxable income. Over $36,900 but not over $89,150$5,535, plus 28% of the excess over $36,900. Over $89,150 but not over $140,000$20,165, plus 31% of the excess over $89,150. Over $140,000 but not over $250,000$35,928.50, plus 36% of the excess over $140,000. Over $250,000$75,528.50, plus 39.6% of the excess over $250,000.
**(b) Heads of households** There is hereby imposed on the taxable income of every head of a household (as defined in section 2(b)) a tax determined in accordance with the following table: If taxable income is:The tax is: Not over $29,60015% of taxable income. Over $29,600 but not over $76,400$4,440, plus 28% of the excess over $29,600. Over $76,400 but not over $127,500$17,544, plus 31% of the excess over $76,400. Over $127,500 but not over $250,000$33,385, plus 36% of the excess over $127,500. Over $250,000$77,485, plus 39.6% of the excess over $250,000.
**(c) Unmarried individuals (other than surviving spouses and heads of households)** There is hereby imposed on the taxable income of every individual (other than a surviving spouse as defined in section 2(a) or the head of a household as defined in section 2(b)) who is not a married individual (as defined in section 7703) a tax determined in accordance with the following table: If taxable income is:The tax is: Not over $22,10015% of taxable income. Over $22,100 but not over $53,50
Source: Supplied U.S. Code snapshot — release unconfirmed · 26 U.S.C. § 1
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Federal law — U.S. Code and appendices · legal_authorities
For any taxable year, amounts on deposit in a construction reserve fund on the last day of the taxable year, for which the requirements of [section 53310 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title46-section53310&num=0&edition=prelim) have been satisfied (to the extent they apply on the last day of the taxable year), are deemed to have been retained for the reasonable needs of the business within the meaning of section 537(a) of the Internal Revenue Code of 1986 ([26 U.S.C. 537(a)](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title26-section537/a&num=0&edition=prelim)).
Source: Supplied U.S. Code snapshot — release unconfirmed · 46 U.S.C. § 53309
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Tax Treatment.—** Subject to subsection (b), under the Internal Revenue Code of 1986 ([26 U.S.C. 1](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title26-section1&num=0&edition=prelim) et seq.)—
(1) taxable income (determined without regard to this chapter and section 7518 of such Code ([26 U.S.C. 7518](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title26-section7518&num=0&edition=prelim))) for the taxable year shall be reduced by the amount deposited for the taxable year out of amounts referred to in [section 53505(a)(1) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title46-section53505/a/1&num=0&edition=prelim);
(2) a gain from a transaction referred to in [section 53505(a)(3) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title46-section53505/a/3&num=0&edition=prelim) shall not be taken into account if an amount equal to the net proceeds (as defined in joint regulations) from the transaction is deposited in the fund;
(3) the earnings (including gains and losses) from the investment and reinvestment of amounts held in the fund shall not be taken into account;
(4) the earnings and profits of a corporation (within the meaning of section 316 of such Code ([26 U.S.C. 316](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title26-section316&num=0&edition=prelim))) shall be determined without regard to this chapter and section 7518 of such Code ([26 U.S.C. 7518](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title26-section7518&num=0&edition=prelim)); and
(5) in applying the tax imposed by section 531 of such Code ([26 U.S.C. 531](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title26-section531&num=0&edition=prelim)), amounts held in t
Source: Supplied U.S. Code snapshot — release unconfirmed · 46 U.S.C. § 53507
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Federal law — U.S. Code and appendices · legal_authorities
Page 1748
TITLE 26—INTERNAL REVENUE CODE
§ 531
Americans from Tax Hikes Act of 2015, div. Q of Pub. L.
114–113, to which such amendment relates, see section
101(s) of Pub. L. 115–141, set out as a note under section
24 of this title.
EFFECTIVE DATE OF 2008 AMENDMENT
Amendment by Pub. L. 110–245 applicable with re-
spect to deaths from injuries occurring on or after June
17, 2008, with provision for application of amendment to
deaths from injuries occurring on or after Oct. 7, 2001,
and before June 17, 2008, see section 109(d)(1), (2) of Pub.
L. 110–245, set out as a note under section 408A of this
title.
EFFECTIVE DATE OF 2004 AMENDMENT
Amendment by section 404(a) of Pub. L. 108–311 effec-
tive as if included in the provisions of the Economic
Growth and Tax Relief Reconciliation Act of 2001, Pub.
L. 107–16, to which such amendment relates, see section
404(f) of Pub. L. 108–311, set out as a note under section
45A of this title.
Amendment by section 406(b) of Pub. L. 108–311 effec-
tive as if included in the provisions of the Taxpayer Re-
lief Act of 1997, Pub. L. 105–34, to which such amend-
ment relates, see section 406(h) of Pub. L. 108–311, set
out as a note under section 55 of this title.
EFFECTIVE DATE OF 2003 AMENDMENT
Pub. L. 108–121, title I, § 107(b), Nov. 11, 2003, 117 Stat.
1339, provided that: ‘‘The amendments made by this
section [amending this section] shall apply to taxable
years beginning after December 31, 2002.’’
EFFECTIVE DATE OF 2002 AMENDMENT
Amendment by Pub. L. 107–147 effective as if included
in the provisions of the Economic Growth and Tax Re-
lief Reconciliation Act of 2001, Pub. L. 107–16, to which
such amendment relates, see section 411(x) of Pub. L.
107–147, set out as a note under section 25B of this title.
EFFEC
Source: Supplied 2024 U.S. Code historical extraction · 26 U.S.C. § 531
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