“Related member” means a person that, with respect to the taxpayer during all or any portion of the taxable year, is either a related entity, a component member as defined in Section 1563(b) of the Internal Revenue Code, or a person to or from whom there is attribution of stock ownership in accordance with Section 1563(e) of the Internal Revenue Code except, for purposes of determining whether a person is a related member under this division, “twenty per cent (20%)” shall be substituted for “five percent (5%)” wherever “five percent (5%)” appears in Section 1563(e) of the Internal Revenue Code.
(Ord. 9984-2015. Passed 12-15-15.)