FEDERAL · 26 U.S.C. · Chapter Subchapter F—Exempt Organizations
Shipowners' protection and indemnity associations
26 U.S.C. § 526
This text of 26 U.S.C. § 526 (Shipowners' protection and indemnity associations) 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. § 526.
Text
There shall not be included in gross income the receipts of shipowners' mutual protection and indemnity associations not organized for profit, and no part of the net earnings of which inures to the benefit of any private shareholder; but such corporations shall be subject as other persons to the tax on their taxable income from interest, dividends, and rents.
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Source Credit
History
(Aug. 16, 1954, ch. 736, 68A Stat. 178.)
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Bluebook (online)
26 U.S.C. § 526, Counsel Stack Legal Research, https://law.counselstack.com/usc/26/526.