[Code of Federal Regulations]
[Title 26, Volume 8]
[Revised as of April 1, 2004]
From the U.S. Government Printing Office via GPO Access
[CITE: 26CFR1.641(c)-0]

[Page 15]
 
                       TITLE 26--INTERNAL REVENUE
 
    CHAPTER I--INTERNAL REVENUE SERVICE, DEPARTMENT OF THE TREASURY 
                               (CONTINUED)
 
PART 1_INCOME TAXES--Table of Contents
 
Sec. 1.641(c)-0  Table of contents.

    This section lists the major captions contained in Sec. 1.641(c)-1.

             Sec. 1.641(c)-1Electing small business trust.

    (a) In general.
    (b) Definitions.
    (1) Grantor portion.
    (2) S portion.
    (3) Non-S portion.
    (c) Taxation of grantor portion.
    (d) Taxation of S portion.
    (1) In general.
    (2) Section 1366 amounts.
    (3) Gains and losses on disposition of S stock.
    (4) State and local income taxes and administrative expenses.
    (e) Tax rates and exemption of S portion.
    (1) Income tax rate.
    (2) Alternative minimum tax exemption.
    (f) Adjustments to basis of stock in the S portion under section 
1367.
    (g) Taxation of non-S portion.
    (1) In general.
    (2) Dividend income under section 1368(c)(2).
    (3) Interest on installment obligations.
    (4) Charitable deduction.
    (h) Allocation of state and local income taxes and administration 
expenses.
    (i) Treatment of distributions from the trust.
    (j) Termination or revocation of ESBT election.
    (k) Effective date.
    (l) Examples.

[T.D. 8994, 67 FR 34394, May 14, 2002]