(1) “more than 50 percent” shall be substituted for “at least 80 percent” each place it appears in , and
(2) the determination shall be made without regard to subsections (a)(4) and (e)(3)(C) of section 1563.
(1) all employees of trades or business (whether or not incorporated) which are under common control shall be treated as employed by a single employer, and
(2) the credit (if any) determined under with respect to each trade or business shall be its proportionate share of the wages giving rise to such credit.
(1) In general
No credit shall be allowed under section 38 for any work opportunity credit determined under this subpart to any organization (other than a cooperative described in section 521) which is exempt from income tax under this chapter.
(2) Credit made available to qualified tax-exempt organizations employing qualified veterans
For credit against payroll taxes for employment of qualified veterans by qualified tax-exempt organizations, see .
(1) the amount of the credit determined under this subpart for any taxable year shall be apportioned between the estate or trust and the beneficiaries on the basis of the income of the estate or trust allocable to each, and
(2) any beneficiary to whom any amount has been apportioned under paragraph (1) shall be allowed, subject to , a credit under for such amount.
(1) a regulated investment company or a real estate investment trust subject to taxation under subchapter M (section 851 and following), and
(2) a cooperative organization described in ,