26 C.F.R. § 2.1-27. - § 2.1-27 Controlled Corporation.

Current as of January 1, 1970

Section 2.1-27 - § 2.1-27 Controlled Corporation.Section 2.1-27 - § 2.1-27 Controlled Corporation.

Section 2.1-26 - § 2.1-26 Reports by Taxpayers.Section 2.1-28 - § 2.1-28 Administrative Jurisdiction.

§ 2.1-27 Controlled corporation.

For the purpose of section 511 of the Act and the regulations in this part a new vessel is considered as constructed, reconstructed, reconditioned, or acquired by the taxpayer if constructed, reconstructed, reconditioned, or acquired by a corporation at a time when the taxpayer owns not less than 95 percent of the total number of shares of each class of stock of the corporation.

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