### Question
How is the term year of change defined?


### Answer
The term **year of change** is defined in *26 U.S.C. § 808* as the following:

> the taxable year in which the change in business practices which results in the accelerated policyholder dividends deduction takes effect

#### Citation:
  - *26 U.S.C. § 808*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 1-NORMAL TAXES AND SURTAXES > Subchapter L-Insurance Companies > PART I-LIFE INSURANCE COMPANIES > Subpart C-Life Insurance Deductions**

