Fabio
76b8ec33a7
Ingested titles 12–51 and 54 from OLRC USLM XML @119-100 (the whole Code now, uniform edition; Title 53 is reserved/empty). LegalText 11,221 -> 59,740; repo total 105,704 records. Deterministic (byte-identical rerun, verified on Title 42's 8,356 sections); make check green. make legal-us-code default now covers every title. Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
48 lines
2.2 KiB
Markdown
48 lines
2.2 KiB
Markdown
---
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type: "LegalText"
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title: "26 U.S.C. § 4999"
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description: "Golden parachute payments"
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jurisdiction: "us"
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corpus: "united_states_code"
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kind: "code_section"
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title_number: 26
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title_name: "INTERNAL REVENUE CODE"
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chapter_number: "46"
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chapter_name: "GOLDEN PARACHUTE PAYMENTS"
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section: "4999"
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citation: "26 U.S.C. § 4999"
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status: "current"
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release_point: "119-100"
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release_date: "2026-06-26"
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source: "official"
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source_url: "https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc26@119-100.zip"
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source_identifier: "/us/usc/t26/s4999"
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source_file: "data/legal/raw/us/code/title-26/usc26.xml"
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source_hash: "07875c348ce373068cfce68e48833ffed1be139144386f029cacc4b1ef6a33b9"
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raw_snapshot_hash: "a261f094809116f42a96648a3d5eee80fa010379d67412551c21dd5c900b27f4"
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text_hash: "b135ce51ec4f8f6217d4de7da6f3ab023198d16b435d9e6b1bbf185ba6cdceb2"
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retrieved_at: "2026-07-04"
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confidence: "official"
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tags: ["legal", "us-code"]
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---
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# 26 U.S.C. § 4999 - Golden parachute payments
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## Text
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(a) Imposition of tax There is hereby imposed on any person who receives an excess parachute payment a tax equal to 20 percent of the amount of such payment.
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(b) Excess parachute payment defined For purposes of this section, the term “excess parachute payment” has the meaning given to such term by section 280G(b).
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(c) Administrative provisions (1) Withholding In the case of any excess parachute payment which is wages (within the meaning of section 3401) the amount deducted and withheld under section 3402 shall be increased by the amount of the tax imposed by this section on such payment.
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(2) Other administrative provisions For purposes of subtitle F, any tax imposed by this section shall be treated as a tax imposed by subtitle A.
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(Added Pub. L. 98–369, div. A, title I, § 67(b)(1), July 18, 1984, 98 Stat. 587.)
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## Notes
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Statutory Notes and Related Subsidiaries
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Effective DateSection applicable to payments under agreements entered into or renewed after June 14, 1984, in taxable years ending after such date, with contracts entered into before June 15, 1984, which are amended after June 14, 1984, in any significant relevant aspect to be treated as a contract entered into after June 14, 1984, see section 67(e) of Pub. L. 98–369, set out as a note under section 280G of this title.
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