Internal Revenue Code:Sec. 903. Credit for taxes in lieu of income, etc., taxes
From TaxAlmanac, A Free Online Resource for Tax Professionals
Note: You are using this website at your own risk, subject to our Disclaimer and Website Use and Contribution Terms.
From TaxAlmanac
(Redirected from Sec. 903. Credit for taxes in lieu of income, etc., taxes)
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.