# 26 U.S.C. § 541: Imposition of personal holding company tax

Source: OLRC release point 119-134 <https://uscode.house.gov/us/usc/119-134/t26/s541>. Cite pinpoints as 26 U.S.C. § 541(a)(1).

In addition to other taxes imposed by this chapter, there is hereby imposed for each taxable year on the undistributed personal holding company income (as defined in section 545) of every personal holding company (as defined in section 542) a personal holding company tax equal to 20 percent of the undistributed personal holding company income.

## Regulations

- [Treas. Reg. § 1.541-1](/26/reg/1.541-1.md): Imposition of tax. (interprets § 541)

## Leading cases

- [Pleasanton Gravel Co. v. Commissioner, 64 T.C. 510 (1975)](https://www.courtlistener.com/opinion/4704069/pleasanton-gravel-co-v-commissioner/)
- [Montgomery Coca-Cola Bottling Co. v. United States, 615 F.2d 1318 (Ct. Cl. 1980)](https://www.courtlistener.com/opinion/8617686/montgomery-coca-cola-bottling-co-v-united-states/)

## Connections

Cites: § 542 Definition of personal holding company; § 545 Undistributed personal holding company income

Cited by: § 26 Limitation based on tax liability; definition of tax liability; § 111 Recovery of tax benefit items; § 137 Adoption assistance programs; § 535 Accumulated taxable income; § 542 Definition of personal holding company; § 545 Undistributed personal holding company income; § 546 Income not placed on annual basis; § 547 Deduction for deficiency dividends; § 563 Rules relating to dividends paid after close of taxable year; § 882 Tax on income of foreign corporations connected with United States business; § 992 Requirements of a domestic international sales corporation

Derived from: 1939 § 102(d), (e); 1939 § 500-503

## Amendments

- 1954-08-16: [Act Aug. 16, 1954, ch. 736](/26/act/1954-ch736.md), 68A Stat. 182
- 1964-02-26: [Pub. L. 88-272](/26/act/88-272.md), 78 Stat. 79
- 1981-08-13: [Pub. L. 97-34](/26/act/97-34.md), 95 Stat. 184
- 1986-10-22: [Pub. L. 99-514](/26/act/99-514.md), 100 Stat. 2105
- 1990-11-05: [Pub. L. 101-508](/26/act/101-508.md), 104 Stat. 1388
- 1993-08-10: [Pub. L. 103-66](/26/act/103-66.md), 107 Stat. 459
- 2001-06-07: [Pub. L. 107-16](/26/act/107-16.md), 115 Stat. 43
- 2003-05-28: [Pub. L. 108-27](/26/act/108-27.md), 117 Stat. 764
- 2013-01-02: [Pub. L. 112-240](/26/act/112-240.md), 126 Stat. 2319