### Question
How is the term terminal railroad corporation defined?


### Answer
The term **terminal railroad corporation** is defined in *26 U.S.C. § 281* as the following:

> a domestic railroad corporation which is not a member, other than as a common parent corporation, of an affiliated group (as defined in section 1504) and—


(A) all of the shareholders of which are rail carriers subject to part A of subtitle IV of title 49

#### Citation:
  - *26 U.S.C. § 281*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 1-NORMAL TAXES AND SURTAXES > Subchapter B-Computation of Taxable Income > PART X-TERMINAL RAILROAD CORPORATIONS AND THEIR SHAREHOLDERS**

