A Regulatory Taking Where the Government Allows Land Development Only

question 5

Multiple Choice

A regulatory taking where the government allows land development only if the owner dedicates some money to the government is called a _____.

• A)total taking
• B)ramification
• C)partial taking
• D)mitigation

---

Definitions:

Subchapter S Election

A tax election made by small businesses to be taxed as a pass-through entity, avoiding double taxation.

Current Year

The present calendar or fiscal year in which business operations, transactions, or tax considerations are being referenced or conducted.

Form 2553

A tax form used by small businesses to elect to be treated as an S corporation for the purposes of federal taxation.

Taxable Income

The portion of income that is subject to taxation after all allowances, deductions, and exemptions are considered.