26 U.S. Code § 563 - Rules relating to dividends paid after close of taxable year
In the determination of the dividends paid deduction for purposes of the accumulated earnings tax imposed by section 531, a dividend paid after the close of any taxable year and on or before the 15th day of the fourth month following the close of such taxable year shall be considered as paid during such taxable year.
For the purpose of applying section 562(a), with respect to distributions under subsection (a) or (b) of this section, a distribution made after the close of a taxable year and on or before the 15th day of the fourth month following the close of the taxable year shall be considered as made on the last day of such taxable year.
2015—Pub. L. 114–41 substituted “fourth month” for “third month” wherever appearing.
2004—Subsecs. (c), (d).Pub. L. 108–357 redesignated subsec. (d) as (c), substituted “subsection (a) or (b)” for “subsection (a), (b), or (c)”, and struck out former subsec. (c) which related to foreign personal holding company tax.
1989—Subsec. (c).Pub. L. 101–239, § 7401(b)(1), added subsec. (c). Former subsec. (c) redesignated (d).
Subsec. (d).Pub. L. 101–239, § 7401(b)(2), substituted “subsection (a), (b), or (c)” for “subsection (a) or (b)”.
Pub. L. 101–239, § 7401(b)(1), redesignated former subsec. (c) as (d).
1969—Subsec. (b)(2).Pub. L. 91–172 substituted “20 percent” for “10 percent”.
Amendment byPub. L. 114–41 applicable to returns for taxable years beginning afterDec. 31, 2015, with special rule for certain C corporations, seesection 2006(a)(3) of Pub. L. 114–41, set out as a note undersection 170 of this title.
Amendment byPub. L. 108–357 applicable to taxable years of foreign corporations beginning afterDec. 31, 2004, and to taxable years of United States shareholders with or within which such taxable years of foreign corporations end, seesection 413(d)(1) of Pub. L. 108–357, set out as an Effective and Termination Dates of 2004 Amendments note undersection 1 of this title.
Amendment byPub. L. 101–239 applicable to taxable years of foreign corporations beginning afterJuly 10, 1989, with special rules for any foreign corporation required by the amendments made bysection 7401 of Pub. L. 101–239 to change its taxable year for its first taxable year beginning afterJuly 10, 1989, seesection 7401(d) of Pub. L. 101–239, set out as an Effective Date note undersection 898 of this title.
Pub. L. 91–172, title IX, § 914(b),Dec. 30, 1969,83 Stat. 723, provided that: