Sec. 326. DIVIDENDS DERIVED FROM RICS AND REITS INELIGIBLE FOR DEDUCTION FOR UNITED STATES SOURCE PORTION OF DIVIDENDS FROM CERTAIN FOREIGN CORPORATIONS
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## SEC. 326 DIVIDENDS DERIVED FROM RICS AND REITS INELIGIBLE FOR DEDUCTION FOR UNITED STATES SOURCE PORTION OF DIVIDENDS FROM CERTAIN FOREIGN CORPORATIONS ###
(a)In General **[**[26 U.S.C. 245](/us/usc/t26/s245)**]** Section 245(a) is amended by adding at the end the following new paragraph: > > #### “(12) Dividends derived from rics and reits ineligible for deduction > > Regulated investment companies and real estate investment trusts shall not be treated as domestic corporations for purposes of paragraph (5)(B).” > . ###
(b)Effective Date **[**[26 U.S.C. 245 note](/us/usc/t26/s245)**]** The amendment made by this section shall apply to dividends received from regulated investment companies and real estate investment trusts on or after the date of the enactment of this Act. ###
(c)No Inference **[**[26 U.S.C. 245 note](/us/usc/t26/s245)**]** Nothing contained in this section or the amendments made by this section shall be construed to create any inference with respect to the proper treatment under section 245 of the Internal Revenue Code of 1986 of dividends received from regulated investment companies or real estate investment trusts before the date of the enactment of this Act. ## Subtitle C Additional Provisions
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Sec. 326
DIVIDENDS DERIVED FROM RICS AND REITS INELIGIBLE FOR DEDUCTION FOR UNITED STATES SOURCE PORTION OF DIVIDENDS FROM CERTAIN FOREIGN CORPORATIONS
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