FEDERAL · 26 U.S.C. · Chapter Subchapter R—Election To Determine Corporate Tax on Certain International Shipping Activities Using Per Ton Rate
Alternative tax on qualifying shipping activities
26 U.S.C. § 1352
Title26 — Internal Revenue Code
ChapterSubchapter R—Election To Determine Corporate Tax on Certain International Shipping Activities Using Per Ton Rate
This text of 26 U.S.C. § 1352 (Alternative tax on qualifying shipping activities) is published on Counsel Stack Legal Research, covering United States primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
26 U.S.C. § 1352.
Text
In the case of an electing corporation, the tax imposed by section 11 shall be the amount equal to the sum of—
(1)the tax imposed by section 11 determined after the application of this subchapter, and
(2)a tax equal to—
(A)the highest rate of tax specified in section 11, multiplied by
(B)the notional shipping income for the taxable year.
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Related
§ 11
26 U.S.C. § 11
Source Credit
History
(Added Pub. L. 108–357, title II, §248(a), Oct. 22, 2004, 118 Stat. 1450.)
Editorial Notes
Statutory Notes and Related Subsidiaries
Effective Date
Section applicable to taxable years beginning after Oct. 22, 2004, see section 248(c) of Pub. L. 108–357, set out as an Effective Date of 2004 Amendments note under section 56 of this title.
Effective Date
Section applicable to taxable years beginning after Oct. 22, 2004, see section 248(c) of Pub. L. 108–357, set out as an Effective Date of 2004 Amendments note under section 56 of this title.
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Bluebook (online)
26 U.S.C. § 1352, Counsel Stack Legal Research, https://law.counselstack.com/usc/26/1352.