{"data":{"id":"us/26-cfr-55.4981-2","jurisdiction":"us","citation":"26 CFR 55.4981-2","heading":"-2 Imposition of excise tax with respect to certain undistributed income of real estate investment trusts; calendar years beginning after December 31, 1986.","body":"Section 4981, as amended by the Tax Reform Act of 1986, imposes an excise tax on a real estate investment trust in the amount of four percent of the excess, if any, of the required distribution for a calendar year over the distributed amount for such calendar year. Section 4981, as so amended, applies only to calendar years that begin after December 31, 1986.","path":["Title 26—Internal Revenue","CHAPTER I—INTERNAL REVENUE SERVICE, DEPARTMENT OF THE TREASURY","SUBCHAPTER D—MISCELLANEOUS EXCISE TAXES","PART 55—EXCISE TAX ON REAL ESTATE INVESTMENT TRUSTS AND REGULATED INVESTMENT COMPANIES","Subpart A—Excise Tax on Real Estate Investment Trusts"],"source_url":"https://www.ecfr.gov/api/versioner/v1/full/2026-08-25/title-26.xml","current_through":"2026-08-25","vintage":"","retrieved_at":"2026-08-27T02:25:11Z","sha256":"0e02980348393b16c45ea054e1ac359cc07b69b68edeb94f96de687bc562c904","source_id":"us-cfr","stale":true,"prev":"us/26-cfr-55.4981-1","next":"us/26-cfr-55.4982-1"},"notice":"GroundRules: Original legal text. Not legal advice."}