Dividens received deduction (DRD)
A deduction allowed a corporation for dividends received from other taxable domestic corps. The %age used varies according to the %age of stock owned. If < 20%, DRD is 70% of dividends received. If at least = 20%, but < 80%, the DRD is 80%. If at least 80%, the DRD is 100% (if consolidated return is not filed).