### Question
How does the law define publicly held corporation?


### Answer
Under *26 U.S.C. § 162*, **publicly held corporation** is defined as:

> any corporation which is an issuer (as defined in section 3 of the Securities Exchange Act of 1934 (15 U.S.C. 78c))—


(A) the securities of which are required to be registered under section 12 of such Act (15 U.S.C. 78l), or


(B) that is required to file reports under section 15(d) of such Act (15 U.S.C. 78o(d))

#### Citation:
  - *26 U.S.C. § 162*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 1-NORMAL TAXES AND SURTAXES > Subchapter B-Computation of Taxable Income > PART VI-ITEMIZED DEDUCTIONS FOR INDIVIDUALS AND CORPORATIONS**

