§ 11. Tax imposed
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/usc/title-26/section-11A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)Corporations in general A tax is hereby imposed for each taxable year on the taxable income of every corporation.
(b)Amount of tax The amount of the tax imposed by subsection
(a)shall be 21 percent of taxable income.
(c)Exceptions Subsection
(a)shall not apply to a corporation subject to a tax imposed by—
(1)section 594 (relating to mutual savings banks conducting life insurance business),
(2)subchapter L (sec. 801 and following, relating to insurance companies), or
(3)subchapter M (sec. 851 and following, relating to regulated investment companies and real estate investment trusts).
(d)Foreign corporations In the case of a foreign corporation, the taxes imposed by subsection
(a)and section 55 shall apply only as provided by section 882.
(Aug. 16, 1954, ch. 736, 68A Stat. 11; Mar. 30, 1955, ch. 18, § 2, 69 Stat. 14; Mar. 29, 1956, ch. 115, § 2, 70 Stat. 66; Pub. L. 85–12, § 2, Mar. 29, 1957, 71 Stat. 9; Pub. L. 85–475, § 2, June 30, 1958, 72 Stat. 259; Pub. L. 86–75, § 2, June 30, 1959, 73 Stat. 157; Pub. L. 86–564, title II, § 201, June 30, 1960, 74 Stat. 290; Pub. L. 86–779, § 10(d), Sept. 14, 1960, 74 Stat. 1009; Pub. L. 87–72, § 2, June 30, 1961, 75 Stat. 193; Pub. L. 87–508, § 2, June 28, 1962, 76 Stat. 114;
Pub. L. 88–52, § 2, June 29, 1963, 77 Stat. 72; Pub. L. 88–272, title I, § 121, Feb. 26, 1964, 78 Stat. 25; Pub. L. 89–809, title I, § 104(b)(2), Nov. 13, 1966, 80 Stat. 1557; Pub. L. 91–172, title IV, § 401(b)(2)(B), Dec. 30, 1969, 83 Stat. 602; Pub. L. 94–12, title III, § 303(a), (b), Mar. 29, 1975, 89 Stat. 44; Pub. L. 94–164, § 4(a)–(c), Dec. 23, 1975, 89 Stat. 973, 974; Pub. L. 94–455, title IX, § 901(a), Oct. 4, 1976, 90 Stat. 1606; Pub. L. 95–30, title II, § 201(1), (2), May 23, 1977, 91 Stat. 141;
Pub. L. 95–600, title III, § 301(a), Nov. 6, 1978, 92 Stat. 2820; Pub. L. 97–34, title II, § 231(a), Aug. 13, 1981, 95 Stat. 249; Pub. L. 98–369, div. A, title I, § 66(a), July 18, 1984, 98 Stat. 585; Pub. L. 99–514, title VI, § 601(a), Oct. 22, 1986, 100 Stat. 2249; Pub. L. 100–203, title X, § 10224(a), Dec. 22, 1987, 101 Stat. 1330–412; Pub. L. 100–647, title I, § 1007(g)(13)(B), Nov. 10, 1988, 102 Stat. 3436; Pub. L. 103–66, title XIII, § 13221(a), (b), Aug. 10, 1993, 107 Stat. 477;
Pub. L. 115–97, title I, §§ 12001(b)(11), 13001(a), Dec. 22, 2017, 131 Stat. 2094, 2096; Pub. L. 117–169, title I, § 10101(a)(4)(C), Aug. 16, 2022, 136 Stat. 1822.)
Connections170 cite this · traces to 10
Cited by 170 sections · top 60
public-private-law
U.S. Code
- § 38General business credit
- § 168Accelerated cost recovery system
- § 56Adjustments in computing alternative minimum taxable income
- § 55Alternative minimum tax imposed
- § 6655Failure by corporation to pay estimated income tax
- § 911Citizens or residents of the United States living abroad
- § 511Imposition of tax on unrelated business income of charitable, etc., organizations
- § 904Limitation on credit
- § 527Political organizations
- § 801Tax imposed
- § 53Credit for prior year minimum tax liability
- § 852Taxation of regulated investment companies and their shareholders
- § 512Unrelated business taxable income
- § 897Disposition of investment in United States real property
- § 857Taxation of real estate investment trusts and their beneficiaries
- § 245Dividends received from certain foreign corporations
- § 301Distributions of property
- § 1201Repealed. Pub. L. 115–97, title I, § 13001(b)(2)(A), Dec. 22, 2017, 131 Stat. 2096]
- § 831Tax on insurance companies other than life insurance companies
- § 59Other definitions and special rules
- § 832Insurance company taxable income
- § 1561Limitation on accumulated earnings credit in the case of certain controlled corporations
- § 1381Organizations to which part applies
- § 1445Withholding of tax on dispositions of United States real property interests
- § 7874Rules relating to expatriated entities and their foreign parents
- § 1374Tax imposed on certain built-in gains
- § 882Tax on income of foreign corporations connected with United States business
- § 542Definition of personal holding company
- § 535Accumulated taxable income
- § 953Insurance income
- § 58Denial of certain losses
- § 543Personal holding company income
- § 1248Gain from certain sales or exchanges of stock in certain foreign corporations
- § 907Special rules in case of foreign oil and gas income
- § 528Certain homeowners associations
- § 1446Withholding of tax on foreign partners’ share of effectively connected income
- § 952Subpart F income defined
- § 691Recipients of income in respect of decedents
- § 15Effect of changes
- § 12Cross references relating to tax on corporations
- § 1551Repealed. Pub. L. 115–97, title I, § 13001(b)(5)(A), Dec. 22, 2017, 131 Stat. 2098]
- § 280CCertain expenses for which credits are allowable
- § 545Undistributed personal holding company income
- § 1351Treatment of recoveries of foreign expropriation losses
- § 881Tax on income of foreign corporations not connected with United States business
- § 848Capitalization of certain policy acquisition expenses
- § 594Alternative tax for mutual savings banks conducting life insurance business
statutes-at-large
- Public Law 90–361
- Public Law 86–69
- Public Law 87–834
- Public Law 86–73
- Public Law 86–564
- Public Law 16
- Public Law 86–779
- Public Law 87–72
- Public Law 457
- Public Law 91–169to promote the safety of employees and travelers upon railroads by limiting the hours of service of employees thereon,” approved March 4, 1907
- Public Law 87–508
Traces to 10 documents
public-private-law
U.S. Code
- Repealed. Pub. L. 101–508, title XI, § 11801(a)(38), Nov. 5, 1990, 104 Stat. 1388–521]§ 1564
- Adjusted financial statement income§ 56A
- Limitation on accumulated earnings credit in the case of certain controlled corporations§ 1561
- Withholding of tax on dispositions of United States real property interests§ 1445
- Tax imposed§ 1
- Gain from certain sales or exchanges of stock in certain foreign corporations§ 1248
- Expenses for household and dependent care services necessary for gainful employment§ 21
- Definition of real estate investment trust§ 856
107 references not yet in our index
- Aug. 16, 1954, ch. 736
- 68A Stat. 11
- Mar. 30, 1955, ch. 18, § 2
- 69 Stat. 14
- Mar. 29, 1956, ch. 115, § 2
- 70 Stat. 66
- Pub. L. 85–12, § 2
- 71 Stat. 9
- Pub. L. 85–475, § 2
- 72 Stat. 259
- Pub. L. 86–75, § 2
- 73 Stat. 157
- Pub. L. 86–564, title II, § 201
- 74 Stat. 290
- Pub. L. 86–779, § 10(d)
- 74 Stat. 1009
- Pub. L. 87–72, § 2
- 75 Stat. 193
- Pub. L. 87–508, § 2
- 76 Stat. 114
- Pub. L. 88–52, § 2
- 77 Stat. 72
- Pub. L. 88–272, title I, § 121
- 78 Stat. 25
- Pub. L. 89–809, title I, § 104(b)(2)
- 80 Stat. 1557
- Pub. L. 91–172, title IV, § 401(b)(2)(B)
- 83 Stat. 602
- Pub. L. 94–12, title III, § 303(a)
- 89 Stat. 44
- Pub. L. 94–164, § 4(a)
- 89 Stat. 973
- Pub. L. 94–455, title IX, § 901(a)
- 90 Stat. 1606
- Pub. L. 95–30, title II, § 201(1)
- 91 Stat. 141
- Pub. L. 95–600, title III, § 301(a)
- 92 Stat. 2820
- Pub. L. 97–34, title II, § 231(a)
- 95 Stat. 249
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§ 11
Tax imposed
U.S.C.×99
Stat.×67
Pub. L.×4
ActAug. 16, 1954, ch. 736
Stat.68A Stat. 11
ActMar. 30, 1955, ch. 18, § 2
Cites 117 · showing 12Cited by 170 across 3 sources