Super Royalty Provision Law and Legal Definition
The US Income Tax Reform Act of 1986 provides that royalties for the transfer by sale, license or otherwise of intangible property to related foreign companies, which have been determined at the time of the transfer on an arm's length basis, may be adjusted in future years by the IRS if they are not commensurate with the income attributable to that intangible. This is called the super royalty provision.
Legal Definition list
Related Legal Terms
- Advance Royalty [Energy]
- Alternate Provision
- American Council of State Savings Supervisors (ACSSS)
- Antidilution Provision
- Appropriate Federal Financial Supervisory Agency [Banks & Banking]
- Arresto Facto Super Bonis Mercatorum Alienigenorum
- Association for Supervision and Curriculum Development [ASCD]
- Bad-Boy Provision
- Bad-Boy Provision [Securities]
- Bank Supervisory Agency