Internal Revenue Code:Sec. 903. Credit for taxes in lieu of income, etc., taxes

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Contents


Location in Internal Revenue Code


     TITLE 26 - INTERNAL REVENUE CODE
      Subtitle A - Income Taxes
       CHAPTER 1 - NORMAL TAXES AND SURTAXES
        Subchapter N - Tax Based on Income From Sources Within or Without
              the United States
          PART III - INCOME FROM SOURCES WITHOUT THE UNITED STATES
           Subpart A - Foreign Tax Credit
         

Statute

    Sec. 903. Credit for taxes in lieu of income, etc., taxes
 
      For purposes of this part and of sections 164(a), and
    275(a), the term ''income, war profits, and excess profits taxes''
    shall include a tax paid in lieu of a tax on income, war profits,
    or excess profits otherwise generally imposed by any foreign
    country or by any possession of the United States.
 

Sources

    (Aug. 16, 1954, ch. 736, 68A Stat. 287; Pub. L. 88-272, title II,
    Sec. 207(b)(8), Feb. 26, 1964, 78 Stat. 42; Pub. L. 100-647, title
    I, Sec. 1012(v)(9), Nov. 10, 1988, 102 Stat. 3530; Pub. L. 106-519,
    Sec. 4(4), Nov. 15, 2000, 114 Stat. 2433.)
 

Miscellaneous

                                 AMENDMENTS
      2004 - Pub.L. 108-357, Sec 101(b).  Section 903 is amended
      by striking ``114, 164(a),'' and inserting ``164(a)''.

      2000 - Pub. L. 106-519 substituted ''114, 164(a),'' for
    ''164(a)''.
      1988 - Pub. L. 100-647 substituted ''this part'' for ''this
    subpart''.
      1964 - Pub. L. 88-272 substituted ''sections 164(a) and 275(a)''
    for ''section 164(b)''.
                      EFFECTIVE DATE OF 2000 AMENDMENT
      Amendment by Pub. L. 106-519 applicable to transactions after
    Sept. 30, 2000, with special rules relating to existing foreign
    sales corporations, see section 5 of Pub. L. 106-519, set out as an
    Effective Date note under section 941 of this title.
                      EFFECTIVE DATE OF 1988 AMENDMENT
      Amendment by Pub. L. 100-647 effective, except as otherwise
    provided, as if included in the provision of the Tax Reform Act of
    1986, Pub. L. 99-514, to which such amendment relates, see section
    1019(a) of Pub. L. 100-647, set out as a note under section 1 of
    this title.
                      EFFECTIVE DATE OF 1964 AMENDMENT
      Amendment by Pub. L. 88-272 applicable to taxable years beginning
    after Dec. 31, 1963, see section 207(c) of Pub. L. 88-272, set out
    as a note under section 164 of this title.
 

References

                   SECTION REFERRED TO IN OTHER SECTIONS
      This section is referred to in sections 877, 943 of this title.
 

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