section 303 redemption needs

(1) Section 303 redemption needs The term “section 303 redemption needs” means, with respect to the taxable year of the corporation in which a shareholder of the corporation died or any taxable year thereafter, the amount needed (or reasonably anticipated to be needed) to make a redemption of stock included in the gross estate of the decedent (but not in excess of the maximum amount of stock to which section 303(a) may apply).

Source

26 USC § 537(b)(1)

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Scoping language

None identified, default scope is assumed to be the parent (part I) of this section.

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