26-U.S.C.-1352

§1352 – Alternative Tax On Qualifying Shipping Activities

Pathway

Title 26 > Subtitle A > Chapter 1 > Subchapter R > Section 1352

Details

• Reference: Section 1352
• Legend: §1352 – Alternative Tax On Qualifying Shipping Activities
• USCode Year: 2013

Provision Content

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.

(Added Pub. L. 108–357, title II, §248(a), Oct. 22, 2004, 118 Stat. 1450.)

Effective Date

Subchapter 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.

U.S. Encyclopedia of Law Coverage

26-U.S.C.-1314 in the Legal Encyclopedia: Income Taxes

In this entry about 26-U.S.C.-1314, find legal reference material, bibliographies and premiere content related to income taxes in the American Encyclopedia of Law, presenting a comprehensive view of the United States income taxes-specific issues, written by authorities in the field.

26-U.S.C.-1311 in the Legal Encyclopedia: Tax Liability

In this entry about 26-U.S.C.-1311, find legal reference material, bibliographies and premiere content related to tax liability in the American Encyclopedia of Law, presenting a comprehensive view of the United States tax liability-specific issues, written by authorities in the field.

Part II – Mitigation of Effect of Limitations and Other Provisions in the Legal Encyclopedia: Taxation

In this entry about Part II – Mitigation of Effect of Limitations and Other Provisions, find legal reference material, bibliographies and premiere content related to taxation in the American Encyclopedia of Law, presenting a comprehensive view of the United States taxation-specific issues, written by authorities in the field.

26-U.S.C.-1311 in the Legal Encyclopedia: Liability

In this entry about 26-U.S.C.-1311, find legal reference material, bibliographies and premiere content related to liability in the American Encyclopedia of Law, presenting a comprehensive view of the United States liability-specific issues, written by authorities in the field.

Topic Map

• Browse the Topic Map in relation with Title 26 (Internal Revenue Code) guided by subject interests.